Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of...

118
2017 Annual Report and Accounts Growth Seasons of

Transcript of Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of...

Page 1: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

2017 Annual Report and Accounts

GrowthSeasons of

Page 2: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional
Page 3: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Table of Contents5 Vision & Mission Statement, Core Values

6 Directors, Officers & Professional Advisers

8 Notice of 34th Annual General Meeting of Chams PLC

9 Chairman’s Statement

13 Group Managing Director’s review

16 Corporate Governance

19 Directors’ Report for the year ended 31 December 2017

28 Projects & Events

32 Report of the Audit Committee

33 Report of the External Auditors

37 Details of Auditors responsibilities for the audit of the financial statements

38 Consolidated and Separate Statement of Profit or Loss and Other Comprehensive Income

39 Consolidated and Separate Statement of Financial Position

40 Consolidated and Separate Statement of Changes in Equity

42 Consolidated and Separate Statement of Cash Flows

43 Notes to The Financial Statements

85 Consolidated and Separate Statement of Value Added

86 Consolidated Five Year Financial Summary

87 Corporate profile and subsidiary information

93 Corporate Directory

94 List Of Unclaimed Dividend

113 Forms – Proxy /e-dividend mandate

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 3

Page 4: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

4 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 5: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Our Envisioned FutureA company of Nigerian origin, we will be extremely influential and highly visible in global technology. Our trusted cutting edge technology will enhance the quality of life in a manner that glorifies God. We would be employer of first choice.

O U R V I S I O N

To be the leading provider of innovative and beneficial technologies that improve the quality of life.

O U R M I S S I O N

To design and deploy innovative and beneficial technologies, while creating value for all our stakeholders.

O U R C O R E V A L U E S

1. Creation of a healthy and dynamic work environment characterized by I-CASE: • I-Inventiveness: Solution oriented, Resourceful, Creative.

• C-Candour:   Frankness, Forthrightness, Sincerity.

• A-Agility: Dexterity, Swiftness, Nimble, Adaptability.

• S-Savvy:  Knowledgeable, Know-how, Thought Leader.

• E-Excitement: Fun, Enthusiasm, Positivity.

2. Commitment to Corporate Social Responsibility.

3. Faith in God.

O U R Q U A L I T Y P O L I C Y S T A T E M E N TCHAMS is resolutely committed to delivering excellent technology and Business Intelligence solution(s) that are consistently safe and in line with our Quality Management System (QMS), thus enhancing the quality of life.

Management ensures compliance with industry, regulatory and statutory requirements and communicates, same to all stakeholders in line with set quality objectives.

Management also is committed to establishing structures necessary for continual improvement of the ISO 9001:2015 Quality Management System in order to enhance customer satisfaction.

Group Managing DirectorChams/QPS/2017/01October 2017

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 5

Page 6: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Directors, Officers & Professional AdvisersB O A R D O F D I R E C T O R S • Very Rev. Ayo Richards ..................Chairman • Mr. Olufemi Williams .......................Group Managing Director • Sir. Demola Aladekomo .................Non-Executive Director • Dr. Ajoritsedere Awosika mfr ...Non-Executive Director • Dr. Evans Woherem ..........................Non-Executive Director • Professor Oye Ibidapo Obe ........Non-Executive Director • Pastor Ituah Ighodalo ......................Non-Executive Director • Mr. Wim Tappij Gielen .....................Non-Executive Director • Mrs. Mayowa Olaniyan ....................Executive Director • Mrs. Funke AlomoOluwa..............Executive Director

YETUNDE EMMANUELActing Company SecretaryFRC/2018/NBA/00000018086

L E G A L A D V I S E R S • Marriot Solicitors

91A, Lewis Street, Lagos.

6 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 7: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

D I R E C T O R S , O F F I C E R S & P R O F E S S I O N A L A D V I S E R S

R E G I S T E R E D O F F I C E • 8, Louis Solomon Close,

off Ahmadu Bello Way, Victoria Island, Lagos

A U D I T O R S • BDO Professional

Services ADOL House 15, CIPM Avenue, CBD, Alausa Ikeja, Lagos

R E G I S T R A R S • First Registrars

Plot 2 Abebe Village Road Iganmu, Lagos

B A N K E R S • UBA PLC

35, Broad Street Lagos

• First Bank of Nigeria Ltd Adeola Odeku Victoria Island Lagos

• Zenith Bank PLC Ajose Adeogun Victoria Island Lagos

• GTB PLC Awolowo Road Ikoyi Lagos

• FCMB PLC 38 Adeola Hopewell Street Victoria Island Lagos

• Skye Bank PLC Adeola Hopewell Street Victoria Island Lagos

• Access Bank PLC Awolowo Road Ikoyi Lagos

• Wema Bank PLC Wema Tower Marina, Lagos

• EcoBank PLC Akin Adesola Street Victoria Island Lagos

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 7

Page 8: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Notice of 34th Annual General Meeting of Chams PLC

NOTICE IS HEREBY GIVEN that the Thirty-Fourth Annual General Meeting of CHAMS PLC will hold on Tuesday April 24th, 2018 at the Ace-Olivia Hall, 2nd Floor, Muson Centre, Onikan, Lagos at 10.00 a.m. prompt to transact the following business:

O R D I N A R Y B U S I N E S S1. To receive the Audited Financial Statements for the Year ended 31st December 2017 and the Reports of the

Directors, Auditor and Audit Committee thereon; 2. To elect/re-elect the Directors3. To fix the remuneration of Directors4. To authorize the Directors to fix the remuneration of the Auditors5. To elect Members of the Audit Committee

S P E C I A L B U S I N E S S1. That the Company be and is hereby authorized to raise additional equity capital up to N500,000,000 (Five

Hundred Million), whether by way of rights issue, public offer, private placement and/or other securities at such time, for such consideration and upon such terms and conditions as the Directors may deem fit, for the purpose of strengthening the Company’s equity capital base.

P R O X YA member entitled to attend and vote at an Annual General Meeting is entitled to appoint a proxy to attend and vote in his/her stead. The proxy need not be a member of the Company. For the appointment to be valid, a completed and duly stamped proxy form must be deposited at the office of the Company Secretary, Plot 8, Louis Solomon Close, Victoria Island, Lagos not less than 48 hours before the time fixed for the meeting.

B Y O R D E R O F T H E B O A R D

YETUNDE EMMANUELActing Company Secretary FRC/2018/NBA/00000018086

Dated this 3rd day of April 2018.

N O T E S1. CLOSURE OF REGISTER The Register of Members and Transfer book will be closed from 12th April to 17th April 2018 (both days inclusive) for the purpose of updating the Register of Members.

2. AUDIT COMMITTEE In accordance with Section 359(5) of the Companies and Allied Matters Act, CAP C20, LFN 2004, any shareholder may nominate another shareholder for appointment to the Audit Committee by giving notice in writing of such nomination to the Company Secretary at least Twenty-One (21) days before the Annual General Meeting.

3. RIGHTS OF SHAREHOLDERS TO ASK QUESTIONS Shareholders have the right to ask questions not only at the meeting, but also in writing prior to the meeting, and such questions must be submitted to the Company Secretary not later than 11th April 2018.

8 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 9: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Chairman’s StatementDistinguished Ladies and Gentlemen, I am pleased to welcome you to the 34th Annual General Meeting of your company, Chams Plc, as I present to you the annual report for the financial year ended 31st December 2017.R E V I E W O F N I G E R I A N E C O N O M YThe year 2017 was mixed in economic terms from recession to recovery. The positive changes commenced from the second quarter of 2017 as some major economic indicators started looking positive. The national GDP improved in the third quarter due to growth in oil sector. The growth rate stood at 0.55% in Q2 and 1.40% by Q3 in 2017. Nigerian current reserves stands close to $40bn as the country exited recession. The CBN introduced many far reaching reforms to the foreign exchange market while retaining the Monetary Policy Rate at 14% throughout the year 2017. The economy of many of the states in Nigeria did not fare better as some states are still owing workers’ salaries and unemployment remains all time high at 18.8% among the MINT (Mexico, Indonesia, Nigeria & Turkey) peer economies.

The international crude oil price increased to $60.45 before the end of 2017 .This is of immense value to Nigeria who is also benefitting from stable oil production of about 2.1 ml bpd. We are hopeful that crude oil price remain favourable in 2018 and that oil production is not disrupted in Niger Delta. This will boost revenue level for the country. The agriculture sector which is one of the industries that the government is focusing on has seen some reasonable growth. The sector recorded over 3% growth in 2017. We hope for its continued growth in 2018 as this will lead to further opening of the economy which businesses in Nigeria will surely benefit from.

F I N A N C I A L R E S U L T SThe company recorded a gross profit of N743 million an improved position from previous year though with a comprehensive loss of N1.2 billion. This loss was impacted by impairment of receivables and investment in subsidiaries of N1.24 billion. The impairment started in 2016 financial year and it is a prudent financial decision to allow it to continue till 2017 in order to satisfy the requirements of International Financial Reporting Standard (IFRS) which Nigeria has adopted.

However, with wide range of plans being put in place by the board and management, I am confident that the financial fortune of the company will be turned around very soon and the company will return to profitability in order to satisfy the aspirations of all stakeholders most especially our shareholders who have patiently waited to reap the dividend of their investments in the company.

B A L A N C E S H E E T R E S T R U C T U R I N GIn view of huge impairment on investment that hit our books due to unfortunate developments in the National Identity Card project as NIMC did not fulfil its part of the agreement resulting to litigation and arbitration, we resolved to restructure the balance sheet in order to extinguish accumulated loss showing in our books. The restructuring will reposition the company and

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 9

Page 10: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

create more values for its shareholders.

The following are the benefits of balance sheet restructuring to Chams and its stakeholders

• Laying a foundation for better performance for the company and improve its competitiveness in its sector.

• Improve the potential for the company to pay dividends or issue bonus shares to its shareholders in the near future.

• Bring the capital structure to a position that will enable the company accommodate the various funding sources available in near future.

B O A R D O F D I R E C T O R S - C H A I R M A N E X C H A N G E O F B A T O NIn the course of the year, I indicated my intention to retire at this year’s Annual General Meeting as Chairman and Director of the company having completed my tenure and served for eight years on the Board.

My Colleagues on the Board and I had been able to institute sound Corporate Governance principles and practice, improved accountability and better controls, successfully managed the transition from the founding Managing Director to a new Managing Director and create a new three (3) years strategic plan for the Company among others. All these will ensure delivery of the desired long term success and sustainability.

Dr. (Mrs) ‘Dere Awosika has been appointed as the new Chairman, the first woman to assume such a big responsibility in the history of the 33-years-old corporate entity. She is a quintessential technocrat whose expertise spans across the broad spectrum of both public and private sectors of the economy. Dr. Awosika is bringing her wealth of experience at executive and board levels in administration, technology, health, power and banking sectors to bear positively on the business of Chams Plc.

Prior to her latest appointment, the seasoned administrator and corporate amazon had served as the pioneer National Coordinator/Chief Executive of the National Programme on Immunization; Director (Parastatals) in the Office of the Head of the Civil Service of the Federation; and Director (Department of Community Relations & Youth Development) in the Ministry of Niger Delta Affairs and rose to the position of Federal Permanent Secretary.

I hereby express my full confidence in Dr. (Mrs) ‘Dere Awosika ability and capacity to take the company to the next level. She is a firm and success driven leader whose positive contributions in the public and private sector cannot be side-lined. It is my belief that her coming in as the Chairman of Chams PLC is a good omen especially at this time the company is going through a positive transformation and repositioning for growth.

L O O K I N G A H E A DDuring the past year, the board and management spent significant portion of their time examining the strategies of the company and came out of a strategy retreat with a new business mission that will see us transform from providing identity and payment systems to providing intelligent business solutions.

Our strategies include developing new industry-wide customer centric solutions while we continue to grow our current products and services. We are currently working on solution that will revolutionize transactions in the Pharmaceutical and Real Estate sectors in Nigeria.

In order to achieve our strategic objectives, we have put in place action plans for operational efficiencies, customer’s satisfaction, brand innovations, training and development and effective performance management. Armed with our tenacity, driven by an unwavering commitment to the implementation of the new strategy, we are surely on the brink of a new dawn in our business.

C H A I R M A N ' S S TAT E M E N T

1 0 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 11: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Chams Plc Board is tenaciously committed to the execution of its new strategy. We are going to invest in technologies and products aimed at meeting and satisfying the needs of customers with stronger focus on private sector. We are hoping that operating environment will be more conducive relatively to the past few years

C O N C L U S I O NIn conclusion, I want to thank you, our esteemed shareholders, for your patience and faith in the company despite the challenges we have been going through. I want to assure you that there is light at the end of the tunnel. I thank all members of the Board for your cooperation and unwavering support. I also thank our management team and staff for their focus, tenacity and sacrifice in ensuring that the vision and goals of our company is fulfilled. The Board will remain focus in its pursuit of excellence and we will continue to be conscious of our huge responsibilities not just to our shareholders but to all our stakeholders.

Distinguished shareholders, I thank you for your support for me as your Chairman and wish you extend even greater cooperation to my able Successor.

I pray God will continue to shower his blessings on all of us.

Very Rev. Ayo Richards Chairman, CHAMS PLC

C H A I R M A N ' S S TAT E M E N T

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 1 1

Page 12: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

1 2 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 13: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Group Managing Director’s reviewDistinguished shareholders, members of the Board of Directors, ladies and gentlemen, I welcome you to the 34th Annual General Meeting of your company. In accordance with the mandate of my office as the Group Managing Director (GMD), I am pleased to present an overview of our 2017 achievements, operating results for the year and our outlook for 2018. This year’s Annual General meeting is the third I am attending as the GMD of our beloved company.M A J O R A C H I E V E M E N T SDuring the 2017 financial year, we redefined our strategic focus in four major areas namely; to Rethink Solutions and Streamline Product Portfolios, Achieve Operational Excellence, Transform Marketing and Sales Approach, Raise Capital and Deftly Allocate Resources. These strategies were meant to support in the achievement of set goals for 2017.

I am happy to report that your company recorded a modest financial success despite a difficult operating environment. The company had a revenue of N1.96b in 2017 as against N1.48b in 2016 which is 32% increase in revenue in 2017. The gross profit increased by 7% to N743m in 2017 as against N693m in 2016. Likewise, an improvement of 17% in the bottom line. The significant progress we recorded in our profitability and capital position is a testament to the strength of our business model and the commitment of our people.

We enabled seamless facilitation of online tests and examinations through our CBT Centers, partnered with Microfinance Banks and Institutions to deliver specialized ecommerce solution, creation and commencement of School Register Portal, Time and Attendance Solution, CEEDS Solution project and delivery of Card Management Citizen engagement portal for the informal sector.

With our track record of successful projects in the educational space, we have deployed educational solutions which enables identification, forecasting & planning through real time statistics and demographics,

M A N A G I N G D I R E C T O R ' S R E V I E W

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 1 3

Page 14: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

aimed at resolving institution’s issues as it relates to class and examination attendance, headcounts, etc.

In recognition of our commitment to quality product and service delivery, we have also officially received the ISO-9001:2015 certification geared towards enabling continuous improvement of our quality management systems (QMS) and processes as well as enhancing the efficiency of our operations to meet customer requirements and expectations. In support of operations enhancement, the company has adopted ERP and CRM, an infrastructure system to automate all processes and reports.

P R O D U C T & S E R V I C E I M P R O V E M E N T SIt is no longer news that States need to look inward to generate more revenue aside the allocation from Abuja which is already dwindling, no thanks to continuous fall in Oil prices in the international market. In rethinking solutions and streamlining product portfolio, we partnered with state government to embark on Internally Generated Revenue (IGR) projects which has been expanding across several states of the Federation. The purpose of the IGR Project is to improve on the internally generated revenue of the states whilst promoting probity, transparency and accountability.

I N N O V A T I O N SWe have partnered with major stake holders in the healthcare and pharmaceutical sector to deliver a solution that will revolutionize the healthcare management and administration system.

And currently undergoing development and pilot phase, is a solution aimed at disrupting the real estate industry.

P E O P L EAs we look across our businesses, we see the tangible results of hard work and the relentless commitment of all employees to deliver quality customer service. Driven by these values, we have simplified, strengthened and smartly transformed the company by the introduction of Smart appraisal system, which is to drive and optimize Performance of our workforce. Today, our company is stronger than ever before.

We acknowledge how beneficial/rewarding it is to build a smart and well expanded team to drive business, products and operations successfully. Hence, we consciously strive to make our workplace a place of comfort for all employees, where everyone can contribute their quota towards achieving organizational goals and objectives. In doing so, the company brought in experts of the industry as heads of Strategic Units in the organization with the attendant positive implications for our innovations, marketing and sales endeavors.

S U B S I D I A R I E SInstant Issuance Solutions and Biometric devices, from ChamsAccess Limited have been trusted and adopted by major banks across the country and recently on international scale. The Company now has solutions that powers critical operations of companies in the Telecommunication Sectors of the economy.

For ChamsSwitch Limited, the Company has significant market share in the switching industry especially, the Microfinance Banks. Their traditional transaction processing is still stable and increasing in numbers and volumes. The Company planned to launch their online marketplace platform in the second quarter of 2018.

CardCentre Limited has produced over 1 million Mastercard and Verve Card for major banks and government parastatals. They have strategic partnership with major foreign operators in the Industry. Their Residency and general ID Card market is expected to grow by 20% in 2018.

M A N A G I N G D I R E C T O R ' S R E V I E W

1 4 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 15: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

M A N A G I N G D I R E C T O R ' S R E V I E W

C O N C L U S I O NWe will continue to improve on our existing array of technologies and solutions aimed at helping our clients to grow their businesses and enhance shareholders’ investments. The year ahead may present its encounters and uncertainties regarding the political, regulatory, economic and business environment, but we are looking ahead with realistic optimism.

I am convinced of a better 2018. The stage is set for an outstanding performance this year for our company as the economic outlook for 2018 appears bright by all assessment parameters’. Your company has been re-structured and is set to take advantage of profitable prospects during the course of the year.

We remain committed to supporting the Nigerian economy. At the core of our strategy is the commitment to enrich the lives of our customers by connecting those we serve to the resources and expertise they need to achieve their goals.

We thank our Chairman Very Rev. Ayo Richards for his immense contribution towards reshaping the new direction for Chams and wish him the very best as he retires from the Board. We also welcome our new Chairman and look forward to continuous progress and transformation of the Company under her leadership.

I thank you all for your continued loyalty to your company and support to the Board and management.

God bless you all.

Mr. Femi Williams Group Managing Director

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 1 5

Page 16: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Corporate GovernanceThe companies that make up Chams Group are advocates and practitioners of corporate governance. The practice of corporate governance fosters openness, transparency, accountability, honesty, selflessness, integrity, leadership, monitoring of performance and leadership. This is visible through the adherence to international best practice in the following areas:

C O M P L I A N C E W I T H T H E C O D E O F C O R P O R A T E G O V E R N A N C EThe Board as a whole is comprised of a number of sub-committees amongst which are Audit, Finance and Appointment, Promotions and Governance Committees. The Board is also comprised of high profile non-executive members serving in various capacities at the sub –committees mentioned above and involved in setting the emoluments of the managing director and other directors of the company. The non-executive directors are appointed for a fixed period and have to be re-elected by the shareholders at an AGM. The company is committed to full disclosure and transparency in providing information to all stakeholders because of its belief that this is the most important driving force in any good governance process.

R I S K M A N A G E M E N T F U N C T I O N : Across the group, there is an internal audit function that ensures compliance, operational and financial controls are in place, in order to minimize risk. The Internal Audit unit ensures that these functions are performed. The Audit Committee also has a risk management oversight function to ensure full compliance.

P U B L I S H I N G O F F I N A N C I A L S T A T E M E N T S A N D A U D I T O R S R E P O R T :The implementation of audit exercises and the publishing of company annual reports as well as group annual reports help to foster transparency and openness .The use of highly qualified external auditors from a reputable audit firm helps to minimize external risks as well as

ensuring that information contained in financial reports are accurate. Your company is continuously working on improving the free flow of information to all stakeholders and the general public.

C O M M U N I C A T I O N B E T W E E N B O A R D O F D I R E C T O R S A N D S H A R E H O L D E R S : Apart from the Annual General Meetings your company has recognized the need to carry the shareholders along through periodic sensitization of developments in the organization. This is to ensure that there is an avenue for continuous flow of information and to foster better understanding.

C O R P O R A T E S O C I A L R E S P O N S I B I L I T YCorporate Social Responsibility is an integral part of the activities of the companies in the Chams Group. We believe in giving back to the society and this is done through activities such as the Chams Theatre Series, a strategic contribution of Chams Plc to the rejuvenation and growth of the Arts in Nigeria and the Soup Kitchen through which we reach the under-privileged and disadvantaged in the society. Your Company was also involved in voluntary work through partnering with a not-for-profit organization, VolunteerCorps thereby contributing to the education of young persons in our society.

In the year under review your company made donations and charitable gifts amounting to =N=2, 000, 000 in 2017.

G O A L C O N G R U E N C E A M O N G S T A K E H O L D E R G R O U P S :This has to do with ensuring that there is synergy between directors and shareholders thereby reducing conflict and ensuring that directors fully maximize the wealth of shareholders. Other stakeholders are also taken into consideration such as suppliers, employees and so on, in order to ensure that components of each organization

1 6 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 17: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

are working in tandem towards the realization of the stated objectives.

R E M U N E R A T I O N : The remuneration of Directors and all members of staff are performance based. This is to ensure that the company does not reward directors and managers for failure and non-compliance.

Q U A L I T Y C O N T R O L : • REVALIDATION OF ISO 9001: 2008 TO ISO

9001:2015

The company in the year under review completed the process of revalidation and upgrade of the ISO 9001: 2008 to Quality Management System NIS ISO 9001:2015 certification thereby ensuring that the Company and subsidiaries within the Group maintain high level of quality standard in all transactions within the organization and stipulated processes are strictly adhered to. Other certified companies within the group with valid ISO certification are in check to ensure adherence to stated quality standards.

F I N A N C E C O M M I T T E E :The committee acts on behalf of the Board on matters relating to financial management. It reviews the budget and audited accounts and is responsible for providing useful advice to the company’s management team as and when required. The members are as follows;

DATE OF MEETING MAR

CH 2

1, 201

7

MAR

CH 10

, 201

7

OCTO

BER

23, 2

017

NOVE

MBE

R 29

, 201

7

TOTA

L ATT

ENDA

NCE

Mr. Demola Aladekomo 1 1 1 1 4

Prof. Abdullahi Shehu 1 NA NA NA 1

Dr. Dere Awosika 1 1 1 1 4Dr. Evans Woherem 1 1 1 1 4Mrs Mayowa Olaniyan 1 1 1 1 4

Mrs Funke AlomoOluwa NA NA 1 1 2

A U D I T C O M M I T T E EThis is established in accordance with part C of the code of corporate governance. It comprises dedicated individuals with proven integrity that have a thorough understanding of standard practice

DATE OF MEETING MAR

CH 2

1, 201

7

JULY

10 , 2

017

OCTO

BER

23, 2

017

NOVE

MBE

R 29

, 201

7

TOTA

L ATT

ENDA

NCE

Mr. Emmanuel Onochie (Chairman)

1 1 1 1 4

Mr. Igbrude Moses 1 1 1 1 4Mr. Doyin Owolabi 1 1 1 1 4Dr. Evans Woherem 1 1 1 1 4Dr. Dere Awosika 1 1 NA 1 3Pastor Ituah Ighodalo

NA NA NA 1 1

A P P O I N T M E N T , P R O M O T I O N S A N D G O V E R N A N C E C O M M I T T E EThis Committee is responsible for defining and assessing the qualifications for Board of Director membership and identifying qualified individuals, responsible for assisting the Board organize itself in the discharge of its duties and responsibilities properly and effectively, ensuring proper attention and effective response to shareholders concerns regarding corporate governance, assisting the Board in the fulfilment of its oversight responsibility for the Group’s broad enterprise risk management program in connection with the Groups governance structures

DATE OF MEETING 23RD

MAR

CH 2

017

11TH JU

LY 2

017

26TH

OCT

OBE

R 20

17

13TH

DEC

EMBE

R 20

17

TOTA

L ATT

ENDA

NCE

Prof. Abdullahi Shehu

1 NA NA NA 1

Prof. Ibidapo Obe 1 1 1 1 4

C O R P O R A T E G O V E R N A N C E

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 1 7

Page 18: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

DATE OF MEETING 23RD

MAR

CH 2

017

11TH JU

LY 2

017

26TH

OCT

OBE

R 20

17

13TH

DEC

EMBE

R 20

17

TOTA

L ATT

ENDA

NCE

Mrs Mayowa Olaniyan

NA NA 1 1 2

Mrs. Funke AlomoOluwa

1 1 1 1 4

I N N O V A T I O N , M A R K E T I N G A N D T E C H N O L O G Y M E E T I N G S

DATE OF MEETING 22ND

MAR

CH 2

017

11TH

JULY

201

7

25TH

OCT

OBE

R 20

17

13TH

DEC

EMBE

R 20

17

TOTA

L ATT

ENDA

NCE

Sir. Demola Aladekomo

1 1 1 1 4

Prof Ibidapo Obe 1 1 NA NA 2

B O A R D M E E T I N G SAttendance at Board meetings for the year ended 31st December 2017

DATE OF MEETING MAR

CH 2

4, 20

17

JULY

13, 2

017

OCTO

BER

27, 2

017

DECE

MBE

R 14

, 201

7

TOTA

L ATT

ENDA

NCE

Very Rev. Ayo Richards (Chairman)

1 1 NA 1 3

Mr. Demola Aladekomo

1 1 1 1 4

Prof. Abdullahi Shehu

1 NA NA NA 1

Prof. Ibidapo Obe 1 1 1 1 4

Dr. Dere Awosika 1 1 1 1 4

Dr. Evans Woherem 1 1 1 1 4

DATE OF MEETING MAR

CH 2

4, 20

17

JULY

13, 2

017

OCTO

BER

27, 2

017

DECE

MBE

R 14

, 201

7

TOTA

L ATT

ENDA

NCE

Mr. Femi Williams 1 1 1 1 4

Mrs Mayowa Olaniyan

1 1 1 1 4

Mrs Funke AlomoOluwa

1 1 1 1 4

Pastor Ituah Ighodalo

- - N/A N/A -

Mr. Wim Tappij Gielen

- - N/A N/A -

The Board and its Committees met as follows:

BOARD/ COMMITTEE MEETING NO O

F M

EETI

NGS

Board of Directors 4

Audit Committee 4

Appointment, Promotions and Governance Committee

4

Board Finance Committee 4Innovation, Marketing and Technology Committee 4

A U D I T O R SThe Auditor, Messrs BDO Professionals Service have indicated their willingness to continue in office in accordance with Section 357 (2) of the Companies and Allied Matters Act CAP C20, LFN 2004, a resolution will be proposed at the Annual General Meeting to authorise the Directors to fix their remuneration.

BY ORDER OF THE BOARD

Yetunde EmmanuelActing Company SecretaryFRC/2018/NBA/00000018086

C O R P O R A T E G O V E R N A N C E

1 8 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 19: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Directors’ Report FOR THE YEAR ENDED 31 DECEMBER 2017

The Directors present their annual report on the affairs of Chams Plc (“the Company”), and subsidiaries (“the Group”), together with the group audited financial statements and the auditor’s report for the year ended 31 December 2017.

1. PRINCIPAL ACTIVITIES The principal activities of Chams Plc and its subsidiaries continue to be provision of technology and business intelligent solutions. This includes the development, deployment, implementation and maintenance of technology based systems, computing and solutions platforms, communication infrastructure and other services designed to facilitate the operations of all forms of electronic business.

2. LEGAL FORMThe company was incorporated as a private limited liability company on September 10th 1985 and became a public limited company in 2007. At the 23rd Annual General Meeting of the Company on 6 June 2008, the shareholders authorized the Directors to change the name from Chams Nigeria PLC to CHAMS PLC. Subsequent to the Private Placements authorized by the shareholders, an application was made to the Council of the Nigeria Stock Exchange for the admission of all the issued and paid up shares of the Company to the Daily Official List of the Exchange through Listing by Introduction.

3. SUBSIDIARIES The company has three subsidiaries; CardCentre Nigeria Limited, engaged in the production and manufacturing of Cards – Identity, payments, Smart cards et al; ChamsAcccess Limited, licensed consortium for the deployment of ATMs in the country also involved in the deployment of multi-application terminals; and ChamsSwitch Limited , engaged in provision of the e-payment transaction processing platform for the Nigerian Market.

4. OPERATING RESULTSThe following is a summary of the Company’s operating results:

  GROUP COMPANY  2017 2016 2017 2016  ₦’000 ₦’000 ₦’000 ₦’000Turnover 1,956,517 1,610,478 608,314 641, 435Cost of Sales (1,213,524) (788,580) (238,887) (273,689)Gross Profit 742,993 693,457 127,248 367,746Loss After Tax (1,260,729) (1,518,613) (1,734,120) (1,908,433)EPS (27)K (30)K (37)K (41)K

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 1 9

Page 20: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

5. SHARE CAPITAL HISTORY

YEAR AUTHORIZED ISSUED SHARE CAPITAL CONSIDERATIONINCREASE CUMULATIVE INCREASE CUMULATIVE

1985 100,000 100,000 100,000 100,000 CASH2004 99,900,000 100,000,000 0 100,000 CASH2005 200,000,000 300,000,000 0 100,000 CASH2006 0 300,000,000 99,900,000 100,000,000 CASH2007 2,200,000,000 2,500,000,000 72,060,000 172,060,000 CASH2007 2,500,000,000 5,000,000,000 172,060,000 344,120,000 CASH2007 0 5,000,000,000 1,378,480,000 1,720,600,000 4 FOR 1 BONUS2008 0 5,000,000,000 2,000,000,000 3,720,600,000 CASH2008 0 5,000,000,000 975,000,000 4,695,600,000 CASH2009 0 5,000,000,000 0 4,696,060,000 CASH2010 0 5,000,000,000 0 4,696,060,000 CASH2011 0 5,000,000,000 0 4,696,060,000 CASH2012 0 5,000,000,000 0 4,696,060,000 CASH2013 0 5,000,000,000 0 4,696,060,000 CASH2014 0 5,000,000,000 0 4,696,060,000 CASH2015 0 5,000,000,000 0 4,696,060,000 CASH2016 0 5,000,000,000 0 4,696,060,000 CASH2017 0 5,000,000,000 0 4,696,060,000 CASH

6. DIRECTORS WHO SERVED DURING THE YEARThe following Directors served during the year under review:

NAME DESIGNATION1. Very Rev. Ayo Richards Chairman 2. Sir. Demola Aladekomo Member3. Prof Oyewusi Ibidapo-Obe Member 4. Prof Shehu Abdullahi Member 5. Dr. Evans Woherem Member 6. Dr. ‘Dere Awosika Member7. Pastor Ituah Ighodalo Member8. Tappij Wim Gielen Member9. Mr. Femi Williams Group Managing Director10. Mrs. Mayowa Olaniyan Executive Director11. Mrs. Funke AlomoOluwa Executive Director

D I R E C T O R S ' R E P O R T F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

2 0 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 21: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

D I R E C T O R S ' R E P O R T F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

7. DIRECTORS’ INTEREST IN SHARESThe Directors who served during the year and their interests in the shares of the Company are as follows:

NAME HOLDINGS1. Very Rev. Ayo Richards 1,087,0002. Mr Demola Aladekomo 69,090,0003. Mr Femi Williams 8, 000, 0004. Dr. Evans Woherem NIL5. Prof. Shehu Abdullahi 1,000,0006. Prof. Oyewusi Ibidapo-Obe 2,000,0007. Pastor Ituah Ighodalo NIL8. Dr. ‘Dere Awosika NIL9. Mr. Tappij Wim Gielen NIL10. Mrs Mayowa Olaniyan 500,00011. Mrs Funke AlomoOluwa 16,000,000

8. DISCLOSURE OF SUBSTANTIAL SHAREHOLDING (ABOVE 5%) AS AT DECEMBER 2017

AC NAME ADDRESS HOLDING HOLDINGS1 11789 STANBIC NOM./ AMCON /

ACCESS BANK PLC C/O STANBIC NOMINEES NIG LTD, PLOT 1712 IDEJO

494,900,229 10.54

2 11715 FC/AMC/SKYESTB/SMARCITY RESORTS PLC – F

C/O FIRST PENSIONS CUSTODIAN LTD, 124

352,526,737 7.51

3 5672 SMARTCITY RESORTS PLC C/O SMARTCITY RESORTS GUEST HOUSE, ROAD 2, HOUSE A2, VGC, LAGOS

313,694,666 6.7%

TOTAL 1,161,121,632 24.75%

8a. ANALYSIS OF SHAREHOLDINGThe analysis of the distribution of the shares of the Company as at 31 December 2017 is as follows:

CATERGORY CAT DESCRIPTION NO OF HOLDERS HOLDINGS % HOLDINGS1 FOREIGN 31 13,954,020 0.302 CORPORATE BODY 540 2,593,921,986 55.243 INDIVIDUALS 7,819 2,088,183,994 44.47

TOTAL 8,390 4,696,060,000 100.00

9. ELECTION, RETIREMENT AND RE-ELECTION OF DIRECTORSThe following persons are retiring as Directors of the Company and are not offering themselves for re-election:

1. Very Rev. Ayo Richards.

2. Prof. Shehu Abdullahi

Subject to ratification at the Annual General meeting in accordance with the provisions of Company and Allied Matters Act.

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 2 1

Page 22: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

10. STATEMENT OF DIRECTORS’ RESPONSIBILITIES FOR THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017In accordance with the provisions of the Companies and Allied Matters Act of Nigeria, the Directors are responsible for the preparation of financial statements, which give a true and fair view of the state of affairs of the Company and of the profit or loss for that year. In so doing, the Directors are required to ensure that:

a. Proper accounting records are maintained which disclose with reasonable accuracy the financial position of the Company and which ensures the financial statements comply with the requirements of the Companies and Allied Matters Act.

b. Applicable accounting standards are followed.

c. Suitable accounting policies are adopted and consistently applied.

d. Judgments and estimates made are reasonable and prudent.

e. The going concern basis is used, unless it is inappropriate to presume that the Company will continue in business.

f. Internal control procedures are instituted which, as far as is reasonably possible, safeguard the assets of the Company and prevent and detect fraud and other irregularities.

11. DONATIONS AND CHARITABLE GIFTS The Company identifies with the aspirations of the community as well as the environment within which it operates and made voluntary donations to various charitable organizations and other institutions in the country. No donation was made to any political organization.

The Company during the year donated a total sum of N2, 000, 000 to charitable causes.

12. EMPLOYMENT AND EMPLOYEESa. Employment of physically challenged persons

The Company has a non-discriminatory policy on recruitment. Applications would always be welcomed from suitably qualified disabled persons and are reviewed strictly on qualification. The Company’s policy is that the highest qualified and most experienced persons are recruited for appropriate job levels irrespective of an applicant’s state of origin, ethnicity, religion or physical condition.

b. Health safety and welfare of employeesHealth and safety regulations are in force within the Company’s premises and employees are aware of existing regulations. The Company provides subsidies to all level of employees for medical expenses, transportation, housing, lunch etc.

c. Employees involvement and trainingThe Company is committed to keeping employees fully informed as much as possible regarding the Company’s performance and progress and seeking their opinion where practicable on matters, which particularly affect them as employees.

Training is carried out at various levels through both in-house and external courses. Incentive schemes designed to encourage the involvement of employees in the Company’s performance are implemented whenever appropriate.

D I R E C T O R S ' R E P O R T F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

2 2 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 23: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

13. POST BALANCE SHEET EVENTSThere were no post balance sheet events which could have had a material effect on the state of affairs of the Company as at 31 December 2017 or the profit for the year ended on that date, which have not been adequately provided for or disclosed.

14. COMPLIANCE WITH THE CODE OF CORPORATE GOVERNANCEChams Plc continuously strives to comply with global standards of corporate governance. The Company has separated the posts of Managing Director and Chairman and the Chairman is not involved in the day-to-day running of the Company. This is geared towards avoiding the concentration of too much power in a single individual.

The Board as a whole is comprised of a number of sub-Committees amongst which are Audit, Finance and Appointment, Performance and Governance Committees. The Board is also comprised of high profile non-executive members serving in various capacities at the sub-Committees mentioned above and involved in setting the emoluments of the Managing Director and other Directors of the Company. The non-executive directors are appointed for a fixed period and have to be re-elected by the shareholders at an AGM. The Company is committed to full disclosure and transparency in providing information to all stakeholders because of its belief that this is the most important driving force in any good governance process.

15. BOARD FINANCE COMMITTEEThe Committee acts on behalf of the Board on matters relating to Financial Management. It reviews the Budget and Audited Accounts and is responsible for providing useful advice to the Company’s management team as and when required.

The members are as follows:

NAME STATUS1. Dr Evans Woherem Chairman2. Mr Demola Aladekomo Member3. Dr. ‘Dere Awosika Member4. Mrs Mayowa Olaniyan Member5. Mrs Funke AlomoOluwa Member6. Prof. Shehu Abdullahi Member

16. AUDIT COMMITTEEThis is established in accordance with part C of the Code of Corporate Governance. It comprises dedicated individuals with proven integrity that have a thorough understanding of the Company’s business affairs including the associated risks and controls put in place to mitigate those risks. The Company Secretary is the secretary of the Committee and they meet regularly. The members are as follows:

NAME STATUS1. Mr. Onochie Emmanuel Chairman2 Mr. Igbrude Moses Member3 Mr. Doyin Owolabi Member4 Dr. ‘Dere Awosika Member5 Dr. Evans Woherem Member 6 Pastor Ituah Ighodalo Member

D I R E C T O R S ' R E P O R T F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 2 3

Page 24: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

17. APPOINTMENTS, PROMOTIONS AND GOVERNANCE COMMITTEEThis Committee is responsible for defining and assessing the qualifications for Board of Director membership and identifying qualified individuals, responsible for assisting the Board organize itself in the discharge of its duties and responsibilities properly and effectively, ensuring proper attention and effective response to shareholders concerns regarding corporate governance, assisting the Board in the fulfillment of its oversight responsibility for the Group’s broad enterprise risk management program in connection with the Group's governance structures

NAME STATUS1 Prof. Oyewusi Ibidapo-Obe Chairman2 Prof. Shehu Abdullahi Member3 Mayowa Olaniyan Member4 Funke AlomoOluwa Member5 Pastor Ituah Ighodalo Member

18. INNOVATION, MARKETING AND TECHNOLOGY COMMITTEEThe purpose of the Committee is to assist the Board with understanding of Chams Plc innovative and technological developments and marketing framework for the projects or programs, priorities and resource allocation, so that the Board can discharge its responsibilities and oversight functions more effectively.

NAME STATUS1 Sir Demola Aladekomo Chairman2 Prof. Oyewusi Ibidapo-Obe Member

19. BOARD MEETINGThe Board and its Committees met as follows:

BOARD/ COMMITTEE MEETING NO OF MEETINGSBoard of Directors 4Chams Plc Audit Committee 4Board Appointments, Promotions and Governance Committee 4Board Finance Committee 4Innovation, Marketing and Technology Committee 4

ATTENDANCE AT BOARD MEETINGS FOR THE YEAR ENDED 31ST DECEMBER 2017

DIRECTOR NO OF MEETINGS ATTENDANCEThe Very Reverend Ayo Richards 4 3Prof Shehu Abdullahi 4 1Dr Evans Woherem 4 4Mr. ‘Demola Aladekomo 4 4Mr. Femi Williams 4 4Dr. ‘Dere Awosika 4 4Prof. Oyewusi Ibidapo-Obe 4 4Pastor Ituah Ighodalo 4 0Mr. Tappij Wim Gielen 4 0Funke AlomoOluwa 4 4Mayowa Olaniyan 4 4

D I R E C T O R S ' R E P O R T F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

2 4 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 25: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

20. AUDITORSBOD Professional Services have indicated their willingness to continue in office. In accordance with Section 357(2) of the Company and Allied Matters Act of Nigeria, a resolution will be proposed at the Annual General Meeting to authorize the Directors to fix their remuneration.

BY ORDER OF THE BOARD

Yetunde EmmanuelActing Company SecretaryFRC/2018/NBA/00000018086

D I R E C T O R S ' R E P O R T F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 2 5

Page 26: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

B O A R D O F D I R E C T O R S

Very Rev. Ayo Richards Chairman

Femi WilliamsGroup Managing Director

Dr Evans WoheremNon-Executive Director

Demola AladekomoNon-Executive Director

2 6 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 27: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Pastor Ituah IghodaloNon-Executive Director

B O A R D O F D I R E C T O R S

Mrs Funke AlomoOluwaExecutive Director

Prof Oye Ibidapo-ObeNon-Executive Director

Mrs Dere AwosikaNon-Executive Director

Mrs Mayowa OlaniyanExecuitve Director

Dr. Wim Tappij Gielen Non-Executive Director

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 2 7

Page 28: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Projects & Events

CHANGE OF BATON AT CHAMS' BOARD OF DIRECTORS

2 8 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 29: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

OSUN RESIDENCY PROJECT

Data capture of residents of Osun State for issuance of state residency ID.

P R O J E C T S & E V E N T S

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 2 9

Page 30: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

32ND ANNIVERSARY AND LONG SERVICE AWARD CEREMONY

P R O J E C T S & E V E N T S

3 0 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 31: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

P R O J E C T S & E V E N T S

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 3 1

Page 32: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Report of the Audit CommitteeTO THE MEMBERS OF CHAMS PLC AND ITS SUBSIDIARIESIn accordance with the provision of section 359(6) of the Companies and Allied Matters Act Cap C20 Laws of the Federation of Nigeria, 2004, we have reviewed the audited financial statements of the Company for the year ended 31st December 2017 and report as follows:

a) The accounting and reporting policies of the Company are consistent with legal requirements and agreed ethical practices

b) The scope and planning of the external audit was adequate

c) The Company maintained effective systems of accounting and internal control during the year

d) We are satisfied with the external auditor's findings and recommendations on management letter and management responses thereon.

Dated this 5th Day of February, 2018

Mr. Onochie EmmanuelChairman, Audit CommitteeFRC/2017/NIM/00000016405

MEMBERS OF THE AUDIT COMMITTEE • Mr. Emmanuel Onochie - Chairman • Mr. Moses Igbrude - Member • Dr. Evans Woherem - Member • Dr. Mrs. Ajoritsedere Awosika - Member • Pastor Ituah Ighodalo - Member • Mr. Doyin Owolabi - Member

3 2 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 33: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Independent Auditors Report to the Shareholders of

Chams Plc and its Subsidiary Companies

R E P O R T O N T H E A U D I T O F T H E F I N A N C I A L S T A T E M E N T S

OPINION

We have audited the accompanying financial statements of Chams Plc and its subsidiary Companies (‘together the Group’) for the financial year ended 31 December 2017, which comprises the consolidated and separate statement of financial position, consolidated and separate statement of profit or loss and other comprehensive income, consolidated and separate statement of changes in equity, consolidated and separate statement of cash flows for the year then ended, and notes to the consolidated and separate financial statements which include the significant accounting policies and other explanatory notes

In our opinion, the accompanying financial statements give a true and fair view of the Group’s and the Company’s financial position as at 31 December 2017 and of its financial performance and cash flows for the year then ended in accordance with International Financial Reporting Standards issued by the International Accounting Standards Board, and in compliance with the relevant provisions of the Financial Reporting Council of Nigeria, Act No 6, 2011 and the Companies and Allied Matters Act, CAP C20, LFN 2004.

BASIS FOR O P INIO N

We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements attached as an appendix to our report. We are independent of the Company and its subsidiaries in accordance with the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants together with the ethical requirements that are relevant to our audit of the financial statements in Nigeria, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the International Ethics Standards Board Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion

KEY AUDIT M AT T ER S

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial statements of the current year. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

ADOL House15 CIPM AvenueCentral Business DistrictAlausa, IkejaP. O. Box 4929, GPO, MarinaLagos, Nigeria

Tel: +234 1 4483050-9www.bdo-ng.com

BDO Professional Services, a firm of Chartered Accountants registered in Nigeria, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms.

Partners: Sanni A. Dosunmu, E. Olaseinde Olabisi, Olugbemiga A. Akibayo, Kamar Salami, Tokunbo L. Oluyemi, Henry B. OmodigboBN: 170585

Page 34: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

REVENUE RECO GNIT IO N

Risk

Some of the parent and its subsidiaries revenue stream are recognised in phases depending on the milestones agreed. Under ISA 240 (the auditor’s responsibilities relating to fraud in an audit of financial statements) there is a presumed risk that revenue may be misstated due to the improper recognition.

Response

For every completed job, the customer as well as the project manager are made to sign off the project as completed. This will form the basis of revenue recognition. In addition, existence and completeness of the revenue is verified by:

• Vouching revenue recorded in ledger to sales invoices raised

• Vouching sales invoices to supporting documentation such as contract/award letter, ensuring contract is duly signed.

• Ascertaining revenue recognition criteria and policy are consistently applied

• Test completeness of revenue throughout the year by tracing delivery notes, waybills etc on sample basis to the ledger

ACCOUNTS R ECEIVA BL E

Risk

In order to ensure the existence of accounts receivable and considering the age analysis of receivables, we have considered the accounts receivable a significant risk of material misstatement.

Response

“Obtained a year end aged trade receivables report”

Test the reliability of the ageing analysis by:

• Reviewing ageing of trade receivables and ensure that the trade receivable included therein exist and recoverable and that they are appropriately included in the schedule of trade receivables allowances.

• In making provision for doubtful balances, we made reference to the Group’s policy and

a) Checked if receivables are not past due by ensuring that the credit granted have not exceeded 365 days.

b) Checked whether allowance is required by reference to:

i) payment history

ii) Subsequent to year end receipts

iii) customers correspondences

• Reviewed job completed forms and the award letters and considered whether these have been accounted for in the correct year.

Page 35: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

• Obtained status report from Project Management Office and ensured receivables are booked in accordance with the milestones reached

• Reviewed material journals throughout the year and all journals raised after the year end.

• Selected samples of trade receivables balances on the receivables ledger and traced invoices from the ledger to supporting documents

• Requested for customers to confirm direct to BDO:

- The year end balance

- Details of the reconciling items if in disagreement

OTHER INFORMATION

Management is responsible for the other information. The other information comprises the information included in the Chairman’s and Directors’ statements, but does not include the financial statements and our auditors report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this information, we are required to report that fact, we have nothing to report in this regard.

RESPONSIBIL IT IES O F D IR ECTO R S FOR THE F INANC IAL STATEM ENTS

Management is responsible for the preparation and fair presentation of the financial statements in accordance with International Financial Reporting Standards issued by the International Accounting Standards Board, and in compliance with the relevant provisions of the Financial Reporting Council of Nigeria Act, No 6, 2011, and the Companies and Allied Matters Act, CAP C20 LFN 2004 and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the consolidated and separate financial statements, management is responsible for assessing the Group’s and the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company and its subsidiaries or to cease operations, or has no realistic alternative but to do so.

AUDITOR’S RES P O NS IBIL IT IES FO R THE AUDIT OF THE F INANC IAL STATEM ENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with International Standards on Auditing will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial statements is located in an appendix to this report. This description forms part of our audit report.

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 3 5

Page 36: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

REPORT ON OT HER L EGA L R EQUIR EM ENTS

The Companies and Allied Matters Act, CAP C20, LFN, 2004 requires that in carrying out our audit we consider and report to you on the following matters. We confirm that:

i) we have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit

ii) in our opinion, proper books of account have been kept by the Group and the Company, and

iii) the Group’s and Company’s statement of financial position, and its statement of profit or loss and other comprehensive income are in agreement with the books of account.

Lagos, Nigeria Olugbemiga A. Akibayo6 February, 2018 FRC/2013/ICAN/00000001076

For: BDO Professional ServicesChartered Accountants

3 6 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 37: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Details of Auditors responsibilities for the audit of the financial statementsAs part of an audit in accordance with International Standards on Auditing, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

• Conclude on the appropriateness of Management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, and significant audit findings and any significant deficiencies in internal control that we identify during our audit.

A P P E N D I X

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 3 7

Page 38: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

CHAMS PLC AND ITS SUBSIDIARY COMPANIES

Consolidated and Separate Statement of Profit or Loss and Other Comprehensive Income FOR THE YEAR ENDED 31 DECEMBER 2017

GROUP COMPANYNOTES 2017 2016 2017 2016

N’000 N’000 N’000 N’000 Revenue 7 1,956,517 1,482,037 608,314 641,435 Cost of sales 8 (1,213,524) (788,580) (238,887) (273,689)Gross profit 742,993 693,457 369,427 367,746 Other operating income 9 129,516 407,161 127,248 397,450 Administrative expenses (2,102,427) (2,558,294) (2,217,281) (2,623,514)Loss from operations (1,229,918) (1,457,676) (1,720,606) (1,858,318)Finance expenses 10 (15,327) (15,909) (5,327) (15,520)Finance income 10 14,813 1,669 9,284 - Net finance (expenses)/income (514) (14,240) 3,957 (15,520)Loss before taxation (1,230,432) (1,471,916) (1,716,649) (1,873,838)Tax expense 21(a) (30,297) (46,696) (17,471) (34,595)Loss after taxation (1,260,729) (1,518,612) (1,734,120) (1,908,433)Other comprehensive income:Item that will not be reclassified to profit or loss - - - - Item that may be reclassified to profit or loss - - - - Total other comprehensive income net of tax - - - - Total comprehensive loss (1,260,729) (1,518,612) (1,734,120) (1,908,433)Loss attributable to non controlling interest (13,758) (89,903) - - Loss attributable to Parent (1,246,971) (1,428,709) (1,734,120) (1,908,433)Loss after taxation (1,260,729) (1,518,612) (1,734,120) (1,908,433)Total comprehensive loss attributable to:Owners of the parent (1,246,971) (1,428,709) (1,734,120) (1,908,433)Non-controlling interest (13,758) (89,903) - - Total comprehensive loss (1,260,729) (1,518,612) (1,734,120) (1,908,433)Basic loss per share (Kobo) 11 (27)k (30)k (37)k (41)k Diluted loss per share (Kobo) 11 (27)k (30)k (37)k (41)k The accompanying notes to the financial statements on pages 43 to 84 and other national disclosures on pages 85 and 86 form part of these financial statements.Auditors’ report, pages 33 to 37

3 8 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 39: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

CHAMS PLC AND ITS SUBSIDIARY COMPANIES

Consolidated and Separate Statement of Financial Position FOR THE YEAR ENDED 31 DECEMBER 2017

GROUP COMPANYASSETS NOTES 2017 2016 2017 2016Non-current assets N’000 N’000 N’000 N’000Property, plant and equipment 12 2,809,867 2,936,146 2,117,728 2,262,419 Investment project 13 460 - 460 - Intangible assets 14 120,986 157,140 - 75,652 Investment in subsidiaries 15(f) - - 2,453,826 1,845,985 Available for sale financial assets 17 100,000 100,000 100,000 100,000 Deposit for investments 17(i) - - - 1,207,092 Loan receivables 18 192,747

3,031,313 3,193,286 4,864,761 5,491,148 Current assetsInventories 19 469,538 287,582 86,992 99,662 Trade and other receivables 20 1,086,988 2,369,241 760,158 2,198,220 Cash and cash equivalents 29 184,294 183,327 123,111 122,022

1,740,820 2,840,150 970,261 2,419,904 Total assets 4,772,133 6,033,436 5,835,022 7,911,052 LIABILITIESNon-current liabilitiesDeferred tax liability 21(c) - - - - Current liabilitiesTrade and other payables 22 3,593,429 3,289,812 2,094,768 2,113,369 Loans and borrowings 23 128,747 226,194 - 97,447 Corporate tax liability 21(d) 464,445 681,689 398,151 624,013

4,186,621 4,197,695 2,492,919 2,834,829 Total liabilities 4,186,621 4,197,695 2,492,919 2,834,829 Net assets 585,512 1,835,741 3,342,103 5,076,223 Issued capital and reserves attributable to owners of the parentShare capital 25 2,348,030 2,348,030 2,348,030 2,348,030 Share premium 26(i) 5,458,750 5,458,750 5,458,750 5,458,750 Revaluation reserve 26(ii) 959,065 959,065 959,065 959,065 Retained earnings 26(iii) (7,676,090) (6,429,119) (5,423,742) (3,689,622)Capital reserve 27 145,522 145,522 - -

1,235,277 2,482,248 3,342,103 5,076,223 Non-controlling interest 28 (649,765) (646,507) - - Total equity 585,512 1,835,741 3,342,103 5,076,223 The financial statements and notes on pages 38 to 86 were approved by the Board of Directors on 5 February 2018 and signed on its behalf by:

Very Rev. Ayodeji Richards Olufemi S. Williams Mayowa OlaniyanChairman Managing Director Chief Financial OfficerFRC/2013/ICAN/00000004386 FRC/2013/NSE/00000004337 FRC/2013/ICAN/00000004330

The accompanying notes to the financial statements on pages 43 to 84 and other national disclosures on pages 85 and 86 form part of these financial statements.

Auditors’ report, pages 33 to 37

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 3 9

Page 40: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

CHAMS PLC AND ITS SUBSIDIARY COMPANIES

Consolidated and Separate Statement of Changes in Equity FOR THE YEAR ENDED 31 DECEMBER 2017

GROUP SHAR

E CA

PITA

L

SHAR

E PR

EMIU

M

REVA

LUAT

ION

RESE

RVE

CAPI

TAL

RESE

RVE

RETA

INED

EA

RNIN

GS

TOTA

L AT

TRIB

UTAB

LE TO

EQ

UITY

HOL

DERS

OF

PAR

ENT

NON

-CO

NTRO

LLIN

G IN

TERE

ST

TOTA

L EQU

ITY

₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’0001 January 2017 2,348,030 5,458,750 959,065 145,522 (6,429,119) 2,482,248 (646,507) 1,835,741Loss for the year - - - - (1,246,971) (1,246,971) (13,758) (1,260,729)Other comprehensive Income - - - - - - - Total comprehensive income - - - - (1,246,971) (1,246,971) (13,758) (1,260,729)Transaction with owners recorded directly in equity - - - - - - 10,500 10,500 31 December 2017 2,348,030 5,458,750 959,065 145,522 (7,676,090) 1,235,277 (649,765) 585,512

SHA

RE C

APITA

L

SHA

RE P

REM

IUM

REV

ALUA

TION

RESE

RVE

CAP

ITAL

RESE

RVE

RET

AINE

D EA

RNIN

GS

TOTA

L AT

TRIB

UTAB

LE TO

EQ

UITY

HOL

DERS

OF

PAR

ENT

NON

-CO

NTRO

LLIN

G IN

TERE

ST

TOTA

L EQU

ITY

₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’0001 January 2016 2,348,030 5,458,750 959,065 145,522 (5,000,410) 3,910,957 (556,604) 3,354,353 Loss for the year - - - - (1,428,709) (1,428,709) (89,903) (1,518,612)Other comprehensive Income - - - - - - - - Total comprerhensive loss - - - - (1,428,709) (1,428,709) (89,903) (1,518,612)Transaction with owners recorded directly in equity - - - - - - - - Dividend - - - - - - - - 31 December 2016 2,348,030 5,458,750 959,065 145,522 (6,429,119) 2,482,248 (646,507) 1,835,741

The accompanying notes to the financial statements on pages 43 to 84 and other national disclosures on pages 85 and 86 form part of these financial statements.Auditors’ report, pages 33 to 37

4 0 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 41: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

CHAMS PLC AND ITS SUBSIDIARY COMPANIES

Consolidated and Separate Statement of Changes in Equity FOR THE YEAR ENDED 31 DECEMBER 2017

COMPANY SHAR

E CA

PITA

L

SHAR

E PR

EMIU

M

REVA

LUAT

ION

RE

SERV

E

RETA

INED

EA

RNIN

GS

TOTA

L EQ

UITY

₦’000 ₦’000 ₦’000 ₦’000 ₦’0001 January 2017 2,348,030 5,458,750 959,065 (3,689,622) 5,076,223 Loss for the year - - - (1,734,120) (1,734,120)Other comprehensive income, net of tax - - - - Total comprehensive income - - - (1,734,120) (1,734,120)Transaction with owners and recorded directly in equity - - - - - Dividend paid - - - - - 31 December 2017 2,348,030 5,458,750 959,065 (5,423,742) 3,342,103

SHAR

E CA

PITA

L

SHAR

E PR

EMIU

M

REVA

LUAT

ION

RE

SERV

E

RETA

INED

EA

RNIN

GS

TOTA

L EQ

UITY

₦’000 ₦’000 ₦’000 ₦’000 ₦’000

1 January 2016 2,348,030 5,458,750 959,065 (1,781,189) 6,984,656 Loss for the year - - - (1,908,433) (1,908,433)Other comprehensive income, net of tax - - - - - Total comprehensive income - - - (1,908,433) (1,908,433)Transaction with owners and recorded directly in equity - - - - - Dividend paid - - - - - 31 December 2016 2,348,030 5,458,750 959,065 (3,689,622) 5,076,223

The accompanying notes to the financial statements on pages 43 to 84 and other national disclosures on pages 85 and 86 form part of these financial statements.Auditors’ report, pages 33 to 37.

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 4 1

Page 42: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

CHAMS PLC AND ITS SUBSIDIARY COMPANIES

Consolidated and Separate Statement of Cash Flows FOR THE YEAR ENDED 31 DECEMBER 2017

GROUP COMPANY2017 2016 2017 2016

NOTES N’000 N’000 N’000 N’000 Loss after taxation (1,260,729) (1,518,612) (1,734,120) (1,908,433)Adjustments for:Finance costs 10 15,327 15,909 5,327 15,520 Finance income 10 (14,813) (1,669) (9,284) - Tax expense 21(a) 30,297 46,695 17,471 34,595 Depreciation 12(a)&(b) 169,329 202,006 146,331 109,933 Amortisation of intangible assets 14(a)&(b) 92,545 20,296 75,652 7,650 Impairment allowance for Investment project 13 - 177,832 - 177,832 Impairment allowance for Investment in subsidiaries 15(e) - - 599,251 - Transfer of property plant and equipment 12(b) - - - (324,630)Loss on asset written off 12(a) - 1,722 - 1,572 Profit on disposal 9 (5,250) - (5,250) - Changes in assets and liabilities:(Increase)/decrease in inventories (181,956) 770,145 12,670 235,465 Decrease in trade and other receivables 1,282,253 1,461,242 1,245,315 3,918,608 Increase/(decrease) in trade and other payables 303,617 (715,216) (18,601) (717,018)

430,620 460,350 334,762 1,551,094 Tax paid 21(d) (247,541) (12,637) (243,333) (1,000)Net cash generated from operating activities 183,079 447,713 91,429 1,550,094 Cash flows from investing activitiesPurchase of property, plant and equipment 12(a)&(b) (47,949) (33,847) (1,640) (21,122)Additions to investment projects 13 (460) (870) (460) (870)Sales proceed on disposal of property plant and equipment 10,148 - 5,250 - Purchase of intangible assets 14(a)&(b) (56,391) (92,795) - - Investment projects transferred - 47,086 - 47,086 Finance income 10 14,813 1,669 9,284 - Deposit for investments 17(i) - - - (1,207,092)Net cash used in investing activities (79,839) (78,757) 12,434 (1,181,998)Cash flows from financing activitiesFinance expenses 10 (15,327) (15,909) (5,327) (15,520)Contribution from Minority shareholders 10,500 - - - Net cash outflow from financing activities (4,827) (15,909) (5,327) (15,520)Net increase in cash and cash equivalents 98,413 353,047 98,536 352,576 Cash and cash equivalents at the beginning of the year (42,866) (395,913) 24,575 (328,001)Cash and cash equivalents at the end of the year 29 55,547 (42,866) 123,111 24,575

The accompanying notes to the financial statements on pages 43 to 84 and other national disclosures on pages 85 and 86 form part of these financial statements.Auditors’ report, pages 33 to 37.

4 2 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 43: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

CHAMS PLC AND ITS SUBSIDIARY COMPANIESFINANCIAL STATEMENTS, 31 DECEMBER 2017

Notes to The Financial Statements1. HISTORY OF THE COMPANY AND NATURE OF OPERATIONSChams Plc (The Company) was incorporated as a limited liability Company on 10 September 1985 and became a public Company on 4 September 2008. The Company was listed on the floor of the Nigerian Stock Exchange on 8 September 2008. The principal activities of Chams Plc and its subsidiaries (the Group) include identity management, payment collections and transactional systems. The Company’s registered office is located at 8, Louis Solomon Close, Victoria Island, Lagos.

2. BASIS OF PREPARATIONa. Summary of significant accounting policies

The principal accounting policies adopted in the preparation of the consolidated financial statements are set out in note 5. The policies have been consistently applied to all the years presented, unless otherwise stated.

b. Statement of compliance

The consolidated and separate financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and interpretations issued by the International Financial Reporting Interpretation Committee (IFRIC) and the requirements of the Companies and Allied Matters Act, CAP C20, LFN, 2004.

c. Basis of measurement

The financial statements were authorised for issue by the Board of Directors on 5 February 2018.

The consolidated financial statements have been prepared on the historical cost basis except for revalued property, plant and equipment.

d. Functional and presentation currency.

These financial statements are presented in Naira, which is the Group’s functional currency. Amounts are rounded to the nearest thousand, unless otherwise stated.

e. Use of estimates and judgement

The preparation of financial statements in compliance with IFRS requires management to make certain critical accounting estimates. It also requires management to exercise judgement in applying the Group’s accounting policies. Areas where assumptions and estimates are significant to the financial statements are disclosed in Note 4.

3. CHANGES IN ACCOUNTING POLICIESa. New standards, interpretations and amendments effective from 1 January 2017

There were no new standards or interpretations effective for the first time for periods beginning on or after 1 January 2017 that had a significant effect on the Company’s financial statements.

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 4 3

Page 44: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

b. New standards, interpretations and amendments not yet effective

There are a number of standards and interpretations which have been issued by the International Accounting Standards Board that are effective in future accounting periods that the Company has decide not to adopt early. The most significant of these are:

• IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers (both mandatorily effective for periods beginning on or after 1 January 2018); and

• IFRS 16 Leases (mandatorily effective for periods beginning on or after 1 January 2019).

IFRS REFERENCE

TITLE AND AFFECTED STANDARD(S)

NATURE OF CHANGE APPLICATION DATE

IMPACT ON INITIAL APPLICATION

IFRS 9 (2014) (issued Jul 2014)

Financial Instruments

Classification and measurementFinancial assets will either be measured - at amortised cost, - fair value through other comprehensive income (FVTOCI) or - fair value through profit or loss (FVTPL).ImpairmentThe impairment model is a more ‘forward looking’ model in that a credit event no longer has to occur before credit losses are recognised. For financial assets measured at amortised cost or fair value through other comprehensive income (FVTOCI), an entity will now always recognise (at a minimum) 12 months of expected losses in profit or loss.Lifetime expected losses will be recognised on these assets when there is a significant increase in credit risk after initial recognition.HedgingThe new hedge accounting model introduced the following key changes:• Simplified effectiveness testing, including removal

of the 80-125% highly effective threshold• More items will now qualify for hedge accounting,

e.g. pricing components within a non-financial item, and net foreign exchange cash positions

• Entities can hedge account more effectively the exposures that give rise to two risk positions (e.g. interest rate risk and foreign exchange risk, or commodity risk and foreign exchange risk) that are managed by separate derivatives over different periods -Less profit or loss volatility when using options, forwards, and foreign currency swaps

• New alternatives available for economic hedges of credit risk and ‘own use’ contracts which will reduce profit or loss volatility.

Annual reporting periods commencing on or after 1 January 2018

The first time application of IFRS 9 will have a wide and potentially very significant impact on the accounting for financial instruments. The new impairment requirements are likely to bring significant changes for impairment provisions for trade receivables, loans and other financial assets not measured at fair value through profit or loss.Due to the recent release of this standard, the entity has not yet made a detailed assessment of the impact of this standard.

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

4 4 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 45: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

IFRS REFERENCE

TITLE AND AFFECTED STANDARD(S)

NATURE OF CHANGE APPLICATION DATE

IMPACT ON INITIAL APPLICATION

IFRS 15 Issued in May 2014

Revenue from contracts with customers

IFRS 15 contains comprehensive guidance for accounting for revenue and will replace existing requirements which are currently set out in a number of Standards and Interpretations. The standard introduces significantly more disclosures about revenue recognition and it is possible that new and/or modified internal processes will be needed in order to obtain the necessary information. The Standard requires revenue recognised by an entity to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This core principle is delivered in a five-step model framework: (i) Identify the contract(s) with a customer (ii)Identify the performance obligations in the contract (iii)Determine the transaction price (iv)Allocate the transaction price to the performance obligations in the contract (v)Recognise revenue when (or as) the entity satisfies a performance obligation.

1 January 2018

The Board is currently reviewing the impact the standard may have on the preparation and presentation of the financial statements when the standard is adopted.Consideration will be given to the following: (i)At what point in time the company recognises revenue from each contract whether at a single point in time or over a period of time; (ii) whether the contract needs to be ‘unbundled’ into two or more components; (iii)how should contracts which include variable amounts of consideration be dealt with; (iv)what adjustments are required for the effects of the time value of money; (v) what changes will be required to the company’s internal controls

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 4 5

Page 46: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

IFRS REFERENCE

TITLE AND AFFECTED STANDARD(S)

NATURE OF CHANGE APPLICATION DATE

IMPACT ON INITIAL APPLICATION

IFRS 16 issued in January 2016

Leases IFRS 16 provides a single lessee accounting model, requiring lessees to recognise assets and liabilities for all leases unless the lease term is 12 months or less or the underlying asset has a low value. Lessors continue to classify leases as operating or finance. A contract is, or contains, a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Control is conveyed where the customer has both the right to direct the identified asset’s use and to obtain substantially all the economic benefits from that use. Accounting by lessees Upon lease commencement a lessee recognises a right-of-use asset and a lease liability.The right-of-use asset is initially measured at the amount of the lease liability plus any initial direct costs incurred by the lessee. After lease commencement, a lessee shall measure the right-of-use asset using a cost model, unless:i) the right-of-use asset is an investment property and the lessee fair values its investment property under IAS 40; or ii) the right-of-use asset relates to a class of PPE to which the lessee applies IAS 16’s revaluation model, in which case all right-of- use assets relating to that class of PPE can be revalued.Under the cost model a right-of-use asset is measured at cost less accumulated depreciation and accumulated impairment. The lease liability is initially measured at the present value of the lease payments payable over the lease term, discounted at the rate implicit in the lease if that can be readily determined. If that rate cannot be readily determined, the lessee shall use their incremental borrowing rate. The lease liability is subsequently re-measured to reflect changes in:• the lease term (using a revised discount

rate);• the assessment of a purchase option

(using a revised discount rate);• the amounts expected to be payable

under residual value guarantees (using an unchanged discount rate); or

• future lease payments resulting from a change in an index or a rate used to determine those payments (using an unchanged discount rate).

The re-measurements are treated as adjustments to the right-of-use asset. Accounting by lessor Lessor shall continue to account for leases in line with the provision in IAS 17.

Annual reporting periods beginning on or after 1 January 2019

The Company is still reviewing the impact the standard may have on the preparation and presentation of the financial statements when the standard is adopted in 2019.

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

4 6 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 47: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

4. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTSThe Group makes certain estimates and assumptions regarding the future. Estimates are based on factors including historical experience and expectations of future events that management believes to be reasonable. However, given the judgmental nature of such estimates, actual results could be different from assumptions used. The estimates and assumptions that can have significant risks of causing material adjustments to the carrying amounts of assets and liabilities are set out below:

a. Power to exercise significant influence

When the Group holds less than 20% of voting rights in an investment but the Company has the power to exercise significant influence, such an investment is treated as an associate. Where the Company holds over 20% of voting rights (but not over 50%) and the Group does not exercise significant influence, the investment is treated as an available – for – sale investment.

b. Legal proceedings

In accordance with IFRS, the Group recognizes a provision where there is a present obligation from a past event, a transfer of economic benefits is probable and the amount of cost of the transfer can be estimated reliably. In instances where the criteria are not met, a contingent liability may be disclosed in the notes to the financial statements. Application of these accounting principles to legal cases requires the Group’s management to make determinations about various factual and legal matters beyond control. The Group reviews outstanding legal cases following developments in the legal proceedings and at each reporting date in order to assess the need for provisions and disclosures in its financial statements. Among the factors considered in making decisions on provisions are the nature of litigation, claim or assessment, the legal process and potential level of damages in the jurisdiction in which the litigation, claim or assessment has been brought, the progress of the case( including the progress after the date of the financial statements but before those statements are issued), the opinion or views of legal advisers, experience on similar cases and any decision of the Group’s management as to how it will respond to the litigation, claims or assessment.

c. Income and deferred taxation

Chams Plc and its subsidiary Companies annually incur significant amounts of income taxes payable and also recognises significant changes to deferred tax assets and liabilities, all of which are based on management’s interpretations of applicable laws and regulations. The quality of these estimates is highly dependent upon management’s ability to properly at times apply a complex set of rules, to recognise changes in applicable rules and in the case of deferred tax assets, management’s ability to project future earnings from activities that may apply loss carry forward positions against future income taxes.

d. Impairment of property, plant and equipment and intangible assets

The Group assesses assets or groups of assets for impairment annually or whenever events or changes in circumstances indicate that carrying amounts of those assets may not be recoverable. In assessing whether a write-down of the carrying amount of a potentially impaired asset is required, the asset’s carrying amount is compared to the recoverable amount. Frequently, the recoverable amount of an asset proves to be the Group’s estimated value in use. The estimated future cash flows applied are based on reasonable and supportable assumptions and present management’s best estimates of the range of economic conditions that will exist over the remaining useful life of the cash flow generating assets.

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 4 7

Page 48: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

5. SIGNIFICANT ACCOUNTING POLICIES

i. Foreign currency translation

In preparing the financial statements of the Group, transactions in currencies other than the entity’s presentation currency (foreign currencies) are recognised at the rates of exchange prevailing at the dates of the transactions.

At the end of each reporting year, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing at the date when the fair value was determined. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated.

Foreign currency differences on loans and other borrowings are recognised as finance income and expenses. Other foreign currency differences as a result of transactions are recognised in the related items within the operating results.

ii. Revenue recognition

Revenue is the fair value of the consideration received net of taxes and discounts, it is recognised when it is probable that the economic benefits associated with the transaction will flow to the enterprise and the amount of the revenue can be measured reliably. Revenue from sales of goods is recognised when delivery has taken place and transfer of risks and reward of ownership has been completed. Revenue from service rendered is recognised immediately as the service is completed and a service delivery form is issued. When services are provided in phases, revenue is recognised on completion of each phase of the project. Dividends are recognised when shareholders right to received payment is established.

Contract revenue is recognised in the income statement on percentage of completion method with the stage of completion being measured by reference to the actual work performed to date.

iii. Finance costs and finance income

Finance costs comprise interest expense on borrowings, unwinding of the discount on provisions, changes in the fair value of financial assets at fair value through profit or loss where the Company holds such financial assets and impairment losses recognised on financial assets (other than trade receivables). Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognised in profit or loss.

Finance income comprises interest income on short-term deposits with bank, dividend income, changes in the fair value of financial assets at fair value through profit or loss and foreign exchange gains.

iv. Basis of consolidation

Where the company has control over an investee, it is classified as a subsidiary. The company controls an investee if all three of the following elements are present: power over the investee, exposure to variable returns from the investee, and the ability of the investor to use its power to affect those variable returns. Control is reassessed whenever facts and circumstances indicate that there may be a change in any of these elements of control.

De-facto control exists in situations where the company has the practical ability to direct the relevant activities of the investee without holding the majority of the voting rights. In determining whether de-facto control exists the company considers all relevant facts and circumstances, including:

• The size of the company’s voting rights relative to both the size and dispersion of other parties who hold voting rights

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

4 8 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 49: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

• Substantive potential voting rights held by the group and by other parties

• Other contractual arrangements

• Historic patterns in voting attendance.

The consolidated financial statements present the results of the company and its subsidiaries (“the Group”) as if they formed a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the acquisition method. In the statement of financial position, the acquiree’s identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the consolidated and separate statement of profit or loss and other comprehensive income from the date on which control is obtained. They are deconsolidated from the date on which control ceases.

a. Associates

When the Group has the power to participate in (but not control) the financial and operating policy decisions of another entity, it is classified as an associate. Associates are initially recognised in the consolidated statement of financial position at cost. The Group’s share of post-acquisition profits and losses is recognised in the consolidated and separate statement of profit or loss and other comprehensive income except that losses in excess of the Group’s investment in the associate are not recognised unless there is obligation to make good those losses.

Profit and losses arising on transactions between the Group and its associates are recognised only to the extent of unrelated investor’s interest in the associate. The investor’s share in the associate’s profits and losses resulting from these transactions is eliminated against the carrying value of the associates.

Any premium paid for an associate above the fair value of the Group’s share of the identifiable assets, liabilities and contingent liabilities acquired is capitalised and included in the carrying amount of the associate. Where there is objective evidence that the investment in the associate has been impaired, the carrying amount of the investment is tested for impairment in the same way as other non financial assets.

b. Joint venture

A joint venture is a contractual arrangement whereby the Group and other parties undertake an economic activity that is subject to joint control; that is, when the strategic financial and operating policy decisions relating to the activities require the unanimous consent of the parties sharing control.

The Group reports its interests in jointly controlled entities using the equity method, which involves recognition in the consolidated income statement of Chams Plc’s share of the net results of the joint ventures for the year. Accounting policies of joint ventures have been changed where necessary to ensure consistency with the policies adopted by the Group. Chams Plc’s interest in a joint venture is carried in the statement of financial position at its share in the net assets of the joint venture together with goodwill paid on acquisition, less any impairment loss. When the share in the losses exceeds the carrying amount of an equity-accounted company (including any other receivables forming part of the net investment in the company), the carrying amount is written down to nil and recognition of further losses is discontinued, unless we have incurred legal or constructive obligations relating to the company in question

v. Segment reporting

An operating segment is a component of an entity:

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 4 9

Page 50: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

a) That engages in business activities from which it may earn revenues and incur expenses (including inter group transactions).

b) Whose operating results are regularly reviewed by the entity’s chief operating decision maker to make decisions about resources to be allocated to the segments and assess its performance and

c) For which discrete financial information is available

The Company has three main business segments:

• Identity Management and solutions

• Payments, Collections and Transactional Systems

• ICT Training

Revenue and cost reporting are directly related to the segments. Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision makers. The chief operating decision makers have been identified as the members of the management team including the Group Managing Director.

All reported revenue and related costs of each segments are reconciled.

a. Identity management

Chams Plc is a regional resource centre for identification solutions for clients ranging from corporations, educational bodies to national government.

The Group’s identity management activities include prometrics, biometrics identification with applications in the financial, healthcare, corporate and other public fields.

• Chamscity: is the major hub for large and nationwide biometrics, data management, online real-time examinations and conferences etc. It offers a unique infrastructural backbone for the realisation of net national identification schemes and projects.

Under the Group Operations it provide identity management through our subsidiary companies such as:

Card Centre Limited

This is an operator of one of the world’s largest card manufacturing and personalisation factory. It also has Smart and Chip Card expertise engaging efficient and effective technologies for card personalisation, identity card enrolment logistic and access control.

b. Payments, collections and transactional systems

The payment systems involve building, developing and maintenance of ICT infrastructures across the nation through its companies by helping Nigeria move seamlessly with the world’s trend of cashless economy. Under the Group Operations, it provide payment platforms through our subsidiary companies such as:

ChamsAccess Limited

Deploys across the nation the premium automated teller machines and self-service Chams Access Service Terminals (CAST) and acess control.

ChamsSwitch Limited

Set up to build an enabling infrastructure to ensure unimpeded expansion of all other E-payment initiatives of Chams Group.

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

5 0 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 51: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

ChamsMobile Limited/Naira.com

Setting up mobile payment platforms that will allow users carry out transactions through their mobile phones. These transactions ranges from funds transfer and airtime top-up to balance equiry etc.

c. All non current assets under each segment are geographically analysed.

d. Others: Terminal and printers and recharge card aspect of Card Center

Geographical location

The Company has presence in both Lagos and Abuja.

vi. Property, plant and equipment

Items of property, plant and equipment are initially recognised at cost. As well as the purchase price, cost includes directly attributable costs and the estimated present value of any future unavoidable costs of dismantling and removing items. The corresponding liability is recognised within provisions.

Freehold buildings are subsequently carried at fair value, based on year valuations by a professionally qualified valuer. These revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting year. Changes in fair value are recognised in other comprehensive income and accumulated in the revaluation reserve except to the extent that any decrease in value in excess of the credit balance on the revaluation reserve, or reversal of such a transaction, is recognised in profit or loss.

Freehold land is not depreciated. Depreciation on assets under construction does not commence until they are complete and available for use. Depreciation is provided on all other items of property, plant and equipment so as to write off their carrying value over their expected useful economic lives.

The expected useful lives of property, plant and equipment are as follows:

LEASEHOLD IMPROVEMENT OVER THE SHORTER OF THE USEFUL LIFE OF THE ITEM

Building 50 yearsComputers and other IT equipment 4 yearsFurniture and fittings 4 yearsPlant and machineries 7 yearsMotor vehicles 4 yearsIT Software 5 years

At the date of revaluation, the accumulated depreciation on the revalued freehold property is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset. The excess depreciation on revalued freehold buildings, over the amount that would have been charged on a historical cost basis, is transferred from the revaluation reserve to retained earnings when freehold buildings are expensed through the consolidated and separate statement of profit or loss and other comprehensive income (e.g. through depreciation, impairment). On disposal of the asset the balance of the revaluation reserve is transferred to retained earnings.

Derecognition

An item of property, plant and equipment is derecognised on disposal when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset is included in profit and loss in the year the asset is derecognised.

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 5 1

Page 52: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

At each statement of financial position date, the Group assesses whether there is any indication that an asset may be impaired. If any such exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

When it is not possible to estimate the recoverable amount of an individual asset, the Group estimates the recoverable amount of the smallest generating unit to which the asset belongs.

If there is an indication that an asset is impaired, the carrying amount of the asset is reduced to its recoverable amount. Impairment losses are recognised immediately in the income statement.

vii. Leases

Leases in which substantially all the risks and rewards incidental to the ownership of the leased asset have been transferred to the Group (a finance lease), the asset is treated as if it has been purchased outright. Upon initial recognition, the leased asset is measured at an amount equal to the lower of its fair value and the present value of the minimum lease payments. Subsequent to initial recognition, the asset is accounted for in accordance with the accounting policy applicable to that asset. The interest element of the lease is charged to the consolidated statement of comprehensive income over the year of the lease. Leases order than finance lease are operating lease and are not recognised as assets in the books. lease expenses are charged to the statement of profit or loss and other comprehensive income.

viii. Intangible asset

Internally generated intangible assets primarily comprised internally developed software. Such software as well as other internally generated assets for internal use are valued at cost and amortised over their useful lives. Impairments are recorded if the carrying amount of the asset exceeds the recoverable amount.

Development costs include, in addition to those costs attributable to the development of the asset, an appropriate proportion of overhead costs. Borrowing costs are capitalised to the extent that they are material and related to the year over which the asset is generated. The estimated useful life of software is 10 years which is assessed for impairment every year.

Naira.com is a software that was internally developed by the Company. It is an internet based payment solution platform with an indefinite life. The software will not be subjected to annual amortisation, but will be review for an impairment on an annual basis.

ix. Goodwill

Goodwill represents an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately re-corganised.

Cost comprises of assets given, liabilities assumed and equity instruments issued, plus the amount of any non controlling interests in the business acquired plus, if the business combination is achieved in stages, the fair value of the existing equity interest in the acquiree. Contingent consideration is included in cost at its acquisition date fair value and, in case of contingent consideration classified as financial liability, measured subsequently through profit and loss.

Goodwill is capitalized as an intangible asset with any impairment (The Company is required to test on annual basis whether goodwill has suffered impairment) in carrying value being charged to the consolidated statement of comprehensive income. Where the fair value of identifiable assets, liabilities and contingent liabilities exceed the fair value of consideration paid, the excess is credited in full to the consolidated statement of comprehensive income on the acquisition date.

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

5 2 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 53: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

x. Inventories

Inventories are stated at the lower of cost and net realisable value. Inventories include Scanner and Computers for biometric data capture and versity books for training and are stated at cost, which is arrived at using the average cost method. Net realisable value is the estimated selling price in the ordinary course of business. Cost comprises purchase price and other incidental cost in bringing the inventory to the warehouse.

Write down on inventories of spare parts and consumables are calculated by comparing book value and probable net realizable value after a specific analysis of obsolescence of inventory.

xi. Financial Instruments

Recognition, Initial measurement and derecognition

Financial assets and financial liabilities are recognised when the Group becomes a party to the contractual provisions of the financial instruments and are measured initially at fair value adjusted by transaction costs, except for those carried at fair value through profit or loss which are measured initially at fair value.

Financial assets are derecognised when the contractual rights to the cash flows from the financial assets expire, or when the financial assets and all substantial risks and rewards are transferred. A financial liability is derecognised when it is extinguished, discharged, cancelled or expires.

Classification and subsequent measurement of financial assets

For the purpose of subsequent measurement, financial assets other than those designated and effective as hedging instruments are classified into the following categories upon initial recognition:

• Loans and receivables

• Financial assets at fair value through profit or loss (FVTPL)

• Held-to-maturity (HTM) investments

• Available-for-sale (AFS) financial assets

All financial assets except for those at FVTPL are subject to review for impairment at least yearly to identify whether there is any objective evidence that a financial asset or a group of financial assets is impaired.

All income and expenses relating to financial assets that are recognised in the profit or loss are presented within finance costs, finance income or other financial items, except for impairment of trade receivables which is presented within other expenses.

Loans and receivables

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. After initial recognition, these are measured at amortised cost using the effective interest method, less provision for impairment. Discounting is omitted where the effect of discounting is immaterial. The group’s cash and cash equivalents, trade and other receivables fall into this category of financial instruments.

Individual significant receivables are considered for impairment when they are past due or when objective evidence is received that a specific counterparty will default. Receivables that are not considered to be individually impaired are reviewed for impairment in groups, which are determined by reference to the industry and region of a counterparty and other shared risk characteristics. The impairment loss estimate is then based on recent historical counterparty default rates for each identified group.

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 5 3

Page 54: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Financial assets at FVTPL

Financial assets at FVTPL include financial assets that are either classified as held for trading or that meet certain conditions and are designated at FVTPL upon initial recognition. All derivative financial instruments fall into this category, except for those designated and effective as hedging instruments, for which the hedge accounting requirements apply.

Assets in this category are measured at fair value with gains or losses recognised in profit or loss. The fair values of financial assets in this category are determined by reference to active market transactions or using a valuation technique where no active market exists.

Held to maturity asset

HTM investments are non derivative financial assets with fixed or determinable payments and fixed maturity other than loans and receivables. Investments are classified as HTM if the group has the intention and ability to hold them until maturity.

HTM investments are measured subsequently at amortised cost using the effective interest method. If there is objective evidence that the investment is impaired, determined by reference to external credit ratings, the financial asset is measured at the present value of estimated future cash flows. Any changes to the carrying amount of the investment including impairment losses are recognised in profit or loss.

Available for sales financial assets

AFS financial assets are non derivative financial assets that are either designated to this category or do not qualify for inclusion in any of the other categories of financial assets. The group’s AFS financial assets include unquoted equity investment in Joint Komputer Kompany Limited.

The equity investment in Joint Komputer Kompany Limited is measured at cost less any impairment charges, as its fair value cannot currently be estimated reliably. Impairment charges are recognised in profit or loss.

All other AFS financial assets are measured at fair value. Gains and losses are recognised in other comprehensive income and reported within the AFS reserve within equity, except for impairment losses and foreign exchange differences on monetary assets, which are recognised in profit or loss. When the asset is disposed of or is determined to be impaired, the cumulative gain or loss recognised in other comprehensive income is reclassified from the equity reserve to profit or loss and presented as a reclassification adjustment within other comprehensive income. Interest is calculated using the effective interest rate method and dividends are recognised in profit or loss within finance income..

Reversals and impairment losses are recognised in other comprehensive income, except for financial assets that are debt securities which are recognised in profit or loss only if the reversal can be objectively related to an event occurring after the impairment loss was recognised.

xii. Prepayments

Prepayments are payments made in advance relating to the following year and are recognised and carried at original amount less amounts utilised in the statement of profit or loss and other comprehensive income.

xiii. Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term highly liquid investments with original maturities of three months or less. For the purpose of the statement of cash flows, bank overdrafts are shown within loans and borrowings in current liabilities on the consolidated statement of financial position.

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

5 4 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 55: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

xiv. Trade payables

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as non-current liabilities. Trade payables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.

xv. De-recognition of financial liabilities

The Company derecognises financial liabilities when, and only when, the Company’s obligations are discharged, cancelled or they expire. The difference between the carrying amount of the financial liability derecognised and the consideration paid and payable is recognised in income statement.

xvi. Borrowings costs

Borrowing costs are interest and other costs that the entity incurs in connection with the borrowing of funds. Borrowing costs on qualifying capital expenditure are capitalized while others are expensed.

xvii. Employee benefits

a. Short - term employee benefits

All short term employee benefits payable within 12 months after service is rendered, the undiscounted amount of the benefits expected to be paid in respect of service rendered by employees in a year should be recognized in that year. All benefits that are due or outstanding as at the end of the year are accrued for.

b. Defined contribution plans

The Company operates a defined contribution plan as stipulated in the Pension Reform Act, 2004. Under the defined contributory scheme, the Company contributes 10%, while its employees contribute 8% of their annual basic, housing and transport allowances to the scheme. Once the contributions have been paid, the Company retains no legal and constructive obligation to pay further contributions if the fund does not hold sufficient assets to finance benefits accruing under the retirement benefit plan. The Company’s obligations are recognised in the statements of comprehensive income as administrative expenses (employee benefits) when they are due. Prepaid contributions are recognised as an asset to the extent that a cash refund or reduction in the future payments is available.

c. Termination benefits

Termination benefits would be recognized when and only when, the Group is demonstrably committed to either terminate the employment of an employee or group of employees before the normal retirement date or provide termination benefits as a result of an offer made in order to encourage voluntary redundancy. The Group shall recognize termination benefits as an expense when the Group is demonstrably committed with a detailed formal plan for the termination without realistic possibility of withdrawal.

xviii. Income tax

Expenses on income tax comprise current and deferred tax. Current tax is the expected tax payable on taxable income or loss for the year, using tax rates enacted by the Government. Current tax assets and liabilities will be offset on the statement of financial position. Deferred tax is provided using the statement of financial position method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amount used for taxation purposes.

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 5 5

Page 56: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

A deferred tax asset is recognised only to the extent that it is probable that future taxable profit will be available against which the asset can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised.

Additional income taxes that arise from the distribution of dividend by the Group are recognized at the same time as the liability to pay the related dividend is recognized.

xix. Share capital and share premium

Shares are classified as equity when there is no obligation to transfer cash or other assets. Any amounts received over and above the par value of the shares issued are classified as ‘share premium’ in equity. Incremental costs directly attributable to the issue of equity instruments are shown in equity as a deduction from the proceeds, net of tax. Financial instruments issued by the Group are classified as equity only to extent that they do not meet the definition of a financial liability or financial asset.

The Group’s ordinary shares are classified as equity instruments.

xx. Reserves

Reserves include all current and prior year retained earnings.

xxi. Dividends on ordinary shares

Dividends on ordinary shares are recognised as a liability and deducted from equity when they become legally payable. Interim dividends are deducted from equity when they are declared and no longer at the discretion of the shareholders. In the case of final dividends, this is when approved by the shareholders at the Annual General Meeting.

xxii. Offsetting financial instruments

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously.

xxiii. Impairment of financial instruments

The Company assesses at the end of each reporting year whether there is objective evidence that a financial asset or group of financial assets is impaired. A financial asset or a group of financial assets is impaired and impairment losses are incurred only if there is objective evidence of impairment as a result of one or more events that occurred after initial recognition of the asset (a ‘loss event’) and that loss event (or events) has an impact on the estimated future cash flows of the financial asset or group of financial assets that can be reliably estimated.

Evidence of impairment may include indications that the debtors or a group of debtors is experiencing significant financial difficulty, default or delinquency in interest or principal payments, the probability that they will enter bankruptcy or other financial reorganisation, and where observable data indicates that there is a measurable decrease in the estimated future cash flows such as changes in arrears or economic conditions that correlate with defaults.

For the loans and receivables category, the amount of the loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows (excluding future credit losses that have not been incurred) discounted at the financial asset’s original effective interest rate. The carrying amount of the asset is reduced and the amount of the loss is recognised in the income statement. If a loan has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

5 6 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 57: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

As a practical expedient, the company may measure impairment on the basis of an instrument’s fair value using an observable market price.

If, in a subsequent year, the amount of the impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment was recognised (such as an improvement in the debtor’s credit rating), the reversal of the previously recognised impairment loss is recognised in the income statement.

xxiv. Provisions, Contingent Assets and Liabilities

Provisions are recognized when the Group has a present legal or constructive obligation as a result of past events, and it is probable that an outflow of economic resources will be required from the group and the amounts can be estimated reliably. Timing or amounts of the outflow may still be uncertain.

Provisions are measured at the estimated amounts required to settle the present obligation, based on the most reliable evidence available at the reporting date, including the risks and uncertainties associated with the present obligation. Where there are a number of obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole.

Provisions are discounted to their present values when the time value of money is material.

xxv. Related party transactions

Related parties include the related Companies, the directors and any employee who is able to exert significant influence on the operating policies of the Company. Key management personnel are also considered related parties. Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any director (whether executive or otherwise) of that entity.

The Company considers two parties to be related if, directly or indirectly one party has the ability to control the other party or exercise significant influence over the other party in making financial or operating decisions. Where there is a related party transactions with the Company, the transactions are disclosed separately as to the type of relationship that exists with the Company and the outstanding balances necessary to understand their effects on the financial position and the mode of settlement

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 5 7

Page 58: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Accounting classification and fair value of financial assets and liabilities

The table below sets out the carrying amounts and fair values of the Group’s financial assets and financial liabilities:

HELD FOR TRADING

CARRIED AT FAIR VALUE

LOANS AND RECEIVABLES

CARRIED AT AMORTISED

COST

AVAILABLE FOR SALE

INVESTMENTS CARRIED AT

COST

TOTAL CARRYING

AMOUNT

FAIR VALUE

31 December 2017 ₦’000 ₦’000 ₦’000 ₦’000 ₦’000Financial assetsCash and cash equivalents - 184,294 - 184,294 184,294 Investment in Joint Komputer Kompany Plc - - 100,000 100,000 100,000 Trade and other receivables - 1,086,988 - 1,086,988 1,086,988

- 1,271,282 100,000 1,371,282 1,371,282 Financial liabilitiesTrade and other payables - 3,593,429 - 3,593,429 3,593,429 Loans and borrowings - 128,747 - 128,747 128,747

- 3,722,176 - 3,722,176 3,722,176 31 December 2016Financial assetsCash and cash equivalents - 183,327 - 183,327 183,327 Investment in Joint Komputer Kompany Plc

- - 100,000 100,000 100,000

Trade and other receivables - 2,369,241 - 2,369,241 2,369,241 - 2,552,568 100,000 2,652,568 2,652,568

Financial liabilities - -

Trade and other payables - 3,289,812 - 3,289,812 3,289,812 Loans and borrowings - 226,194 - 226,194 226,194

- 3,516,006 - 3,516,006 3,516,006

6. FINANCIAL RISK MANAGEMENTThe Group is exposed through its operations to the following risks:

• Reputational risk

• Technology risk

• Legal Risk

• Credit risk

• Fair value or cash flow interest rate risk

• Foreign exchange

• Other market price risk, and

• Economic government/political risk.

In common with all other business, the Group is exposed to risks that arise from its use of financial instruments.

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

5 8 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 59: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

This note describes the Group’s objectives, policies and processes for managing those risks and the methods used to measure them. Further quantitative information in respect of these risks is presented throughout these financial statements.

There have been no substantive changes in the Group’s exposure to financial instrument risks, its objectives, policies and processes for managing those risks or the methods used to measure them from previous years unless otherwise stated in this note.

The principal financial instruments used by the Group, from which financial instrument risk arises, are as follows:

• Trade receivables

• Cash and cash equivalents

• Investments in unquoted equity securities

• Trade and other payables

• Bank overdrafts

• Floating-rate bank loans

• Forward currency contracts

General objectives, policies and processes

The Board has overall responsibility for the determination of the Group’s risk management objectives and policies and, whilst retaining ultimate responsibility for them, it has delegated the authority for designing and operating processes that ensure the effective implementation of the objectives and policies to the Group’s finance function. The Board receives quarterly reports from the Financial Controller through which it reviews and monitors performance. The Group’s internal auditors also review the risk management policies and processes and report their findings to the Audit Committee.

The overall objective of the Board is to set policies that seek to reduce risk as far as possible without unduly affecting the Group’s competitiveness and flexibility. Further details regarding these policies are set out below:

Credit risk

Credit risk is the risk of financial loss to the Group if a customer or counterparty fails to meet its contractual obligations. The Group is mainly exposed to credit risk from credit sales. It is Group policy to assess the credit risk of new customers before signing contracts. Such credit ratings are taken into account by business practices.

The Finance Committee has established a credit policy under which each new customer is analysed individually for creditworthiness before the Group's standard payment and delivery terms and conditions are offered from the Finance Committee.

The Finance Committee determines concentrations of credit risk by quarterly monitoring the creditworthiness rating of existing customers and through a monthly review of the trade receivables' ageing analysis. In monitoring the customers' credit risk, the Group ensures that substantial amount of the outstanding balance is paid before future credit sales are made to the customers.

Credit risk also arises from cash and cash equivalents with banks and financial institutions. For banks and financial institutions, the Group considers banks that have been approved by the Central Bank of Nigeria.

Further disclosures regarding trade and other receivables, which are neither past due nor impaired, are provided in note 19.

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 5 9

Page 60: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Cash in bank and short-term deposits

A significant amount of cash is held with the following institutions

31 DECEMBER 2017 31 DECEMBER 2016 CASH AT BANK CASH AT BANK

₦’000 ₦’000Zenith International Bank Plc 83,807 22,717 First Bank of Nigeria Limited 149 51,320 Access Bank Plc - 31,371 United Bank for Africa Plc 9,773 13,531 Skye Bank Plc 25,325 673 Sterling Bank Plc 17,281 - Others 22,835 -

159,170 119,612

The Finance Committee monitors the utilisation of the credit limits regularly and at the reporting date does not expect any losses from non-performance by the counterparties.

Market risk

Market risk arises from the Group's use of tradable and foreign currency financial instruments. It is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates (currency risk) or other market factors (other price risk)

Fair value and cash flow interest rate risk

The Group is exposed to cash flow interest rate from borrowings at floating rate. It is currently Group policy that all existing floating rate borrowings are restructured to fixed rates in order to mitigate against frequent fluctuation in interest rate. This policy is managed across the Group by individual treasury units. Although the board accepts that this policy neither protects the Group entirely from the risk of paying rates in excess of current market rates nor eliminates fully cash flow risk associated with variability in interest payments, it considers that it achieves an appropriate balance of exposure to these risks.

During 2017 and 2016, the Group's borrowings at variable rate were denominated in Naira

The Group analyses the interest rate exposure on a quarterly basis. A sensitivity analysis is performed by applying a simulation technique to the liabilities that represent major interest bearing positions.

Based on the various scenarios the Group then manages "its cash-flow" interest rate risk by changing from using floating-to-fixed interest rate.

Foreign exchange risk

Foreign exchange risk arises when individual Group entities enter into transactions denominated in a currency other than their functional currency. The Group's policy is, where possible, to allow group entities to settle liabilities denominated in their functional currency with the cash generated from their own operations in that currency. Where group entities have liabilities denominated in a currency other than their functional currency (and have insufficient reserves of that currency to settle them), cash already denominated in that currency will, where possible, be transferred from elsewhere within the Group.

In order to monitor the continuing effectiveness of this policy, the Board receives a monthly forecast, analysed by the major currencies held by the Group, of liabilities due for settlement and expected cash reserves.

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

6 0 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 61: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

The Group is currently not exposed to foreign exchange risk as it does not have any liability to be settled in foreign currency.

Liquidity risk

Liquidity risk arises from the Group's management of working capital and the finance charges and principal repayments on its debt instruments. It is the risk that the Group will encounter difficulty in meeting its financial obligations as they fall due.

The Group's policy is to ensure that it will always have sufficient cash to allow it to meet its liabilities when they become due. To achieve this aim, it seeks to maintain cash balances (or agreed facilities) to meet expected requirements for a year of at least 45 days. The Group also seeks to reduce liquidity risk by fixing interest rates (and hence cash flows) on a portion of its long-term borrowing.

The Board receives rolling 12-month cash flow projections on a monthly basis as well as information regarding cash balances. At the end of the financial year, these projections indicated that the Group expected to have sufficient liquid resources to meet its obligations under all reasonably expected circumstances and will not need to seek for overdraft facilities. The Group currently maintains a "no borrowing Philosophy".

The liquidity risk of each entity is managed by the treasury function within the entity. To ensure efficiency in liquidity management, the treasury unit manages the funds for each project within the Group. Projects within each entity are seen as being self-funding.

The following table sets out the contractual maturities (representing undiscounted contractual cash-flows) of financial liabilities:

BELOW 1 YEARBETWEEN 1 TO

2 YEARSABOVE

3 YEARS TOTALAt 31 December 2017 ₦’000 ₦’000 ₦’000 ₦’000Trade and other payables 3,593,429 - - 3,593,429Loans and borrowings 128,747 - - 128,747Total 3,722,176 - - 3,722,176

BELOW 1 YEARBETWEEN 1 TO

2 YEARSABOVE

3 YEARS TOTALAt 31 December 2016 ₦’000 ₦’000 ₦’000 ₦’000Trade and other payables 3,289,812 - - 3,289,812Loans and borrowings 226,194 - - 226,194Total 3,516,006 - - 3,516,006

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 6 1

Page 62: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

Capital Disclosures

The Group monitors “adjusted capital” which comprises all components of equity (i.e. share capital share premium, non-controlling interest, retained earnings, and revaluation reserves)

The Group’s objectives when maintaining capital are:

• to safeguard the entity’s ability to continue as a going concern, so that it can continue to provide returns for shareholders and benefits for other stakeholders, and

• to provide an adequate return to shareholders by pricing products and services commensurately with the level of risk.

The Group sets the amount of capital it requires in proportion to risk. The Group manages its capital structure and makes adjustments to it in the light of changes in economic conditions and the risk characteristics of the underlying assets. In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt.

Consistent with others in the industry, the Group monitors capital on the basis of the debt to adjusted capital ratio. This ratio is calculated as net debt adjusted capital as defined above. Net debt is calculated as total debt (as shown in the consolidated statement of financial position) less cash and cash equivalents.

The objective of this strategy is to secure access to finance at reasonable cost by maintaining a high credit rating. The debt-to-adjusted-capital ratios at 31 December 2017 and at 31 December 2016 were as follows:

GROUP COMPANY2017 2016 2017 2016

₦’000 ₦’000 ₦’000 ₦’000Loans and borrowings 128,747 226,194 - 97,447Less: cash and cash equivalents (184,294) (183,327) 123,111 122,022Net debt (55,547) 42,867 123,111 219,469Total equity 585,512 1,835,741 3,342,103 5,076,223Total adjusted capital 585,512 1,835,741 3,342,103 5,076,223Debt to adjusted capital ratio (%) (10%) 2% 4% 4%

The decrease in the debt to adjusted capital ratio during 2017 resulted primarily from the decrease in net debt arising from settlement of outstanding loans and borrowings during the year.

6 2 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 63: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

7. SEGMENT INFORMATION (GROUP) 2017

IDENTITY MANAGEMENT

& SOLUTION OTHERS TOTAL2017 2017 2017

SEGMENT INFORMATION (GROUP) 2017 ₦’000 ₦’000 ₦’000Revenue 1,956,517 - 1,956,517 Cost of sales (1,213,524) - (1,213,524)Gross profit 742,993 - 742,993 Total gross profit from external customers 742,993 - 742,993 Group gross profit per consolidated statement of comprehensive income 742,993 - 742,993 Depreciation (129,327) - (129,327)Segment profit 613,666 - 613,666 Other operating income 129,516 Depreciation of head office building (40,002)Finance expenses (15,327)Finance income 14,813 Administrative expenses (1,933,098)Group loss before tax (1,230,432)Segment financial position as at 31 December 2017

₦’000 ₦’000 ₦’000Property plant and equipment (carrying amount) 2,809,867 - 2,809,867 Long term investments 100,000 - 100,000 Investment project 173 - 173 Intangible assets 120,986 - 120,986 Current assets 1,740,820 - 1,740,820 Current liabilities (4,186,621) - (4,186,621)Net liabilities as at 31 December 2017 585,225 - 585,225 SEGMENT INFORMATION (GROUP) 2016 ₦’000 ₦’000 ₦’000Revenue 1,482,037 - 1,482,037 Cost of sales (788,580) - (788,580)Gross profit 693,457 - 693,457 Total gross profit from external customers 693,457 - 693,457 Group gross profit per consolidated statement of comprehensive income 693,457 - 693,457 Depreciation (155,194) - (155,194)Segment profit 538,263 - 538,263 Other operating income 407,161 Depreciation of head office building (46,812)Finance expenses (15,909)Finance income 1,669 Administrative expenses (2,356,288)Group loss before tax (1,471,916)

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 6 3

Page 64: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

IDENTITY MANAGEMENT

& SOLUTION OTHERS TOTALSegment financial position as at 31 December 2016 ₦’000 ₦’000 ₦’000Property plant and equipment (carrying amount) 2,936,146 - 2,936,146 Long term investments 100,000 - 100,000 Intangible assets 157,140 - 157,140 Investment projects - - - Deferred taxation - - - Current assets 2,840,150 - 2,840,150 Current liabilities (4,197,695) - (4,197,695)Net assets as at 31 December 2016 1,835,741 - 1,835,741

SEGMENT INFORMATION (COMPANY) 2017 ₦’000 ₦’000 ₦’000Revenue 608,314 - 608,314 Cost of sales (238,887) - (238,887)Gross profit 369,427 - 369,427 Total gross profit from external customers 369,427 - 369,427 Gross profit per statement of comprehensive income 369,427 - 369,427 Depreciation (106,329) (106,329)Segment Profit 263,098 - 263,098 Other operating income 127,248 Other expenses - Depreciation of head office building (40,002)Finance expenses (5,327)Finance income 9,284 Administrative expenses (2,070,950)Company loss before tax as at 31 December 2017 (1,716,649)

Segment financial position as at 31 December 2017 ₦’000 ₦’000 ₦’000Property plant and equipment (carrying amount) 2,117,728 - 2,117,728 Long term investments 100,000 - 100,000 Investment projects 460 - 460 Intangible assets - - - Investment in Subsidiaries 207,092 - 207,092 Deferred taxation - - - Current assets 970,261 - 970,261 Current liabilities (2,492,919) - (2,492,919)Net assets 902,622 - 902,622

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

6 4 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 65: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

IDENTITY MANAGEMENT

& SOLUTION OTHERS TOTAL 2016 2016 2016

SEGMENT INFORMATION COMPANY 31 DECEMBER 2016 ₦’000 ₦’000 ₦’000Revenue 641,435 - 641,435 Cost of sales (273,689) - (273,689)Gross profit 367,746 - 367,746 Total gross profit from external customers 367,746 - 367,746 Gross profit per statement of comprehensive income 367,746 - 367,746 Depreciation (63,121) (63,121)Segment Profit 304,625 - 304,625 Other operating income 397,450 Other expenses - Depreciation of head office building (46,812)Finance expenses (15,520)Administrative expenses (2,513,581)Company loss before tax as at 31 December 2016 (1,873,838)

Segment financial position as at 31 December 2016 ₦’000 ₦’000 ₦’000Property plant and equipment (carrying amount) 2,262,419 - 2,262,419 Long term investments 100,000 - 100,000 Intangible assets 75,652 - 75,652 Current assets 2,419,904 - 2,419,904 Current liabilities (2,834,829) - (2,834,829)Net assets 2,023,146 - 2,023,146

8. COST OF SALES

GROUP COMPANY2017 2016 2017 2016

Analysis by operations N’000 N’000 N’000 N’000 Biometric 528,029 258,711 209,684 258,711 Training 26,803 3,847 26,803 3,847 ATM 16,898 6,788 - - Switching 21,736 10,125 - - Scratch Cards and consumables 402,572 398,115 - - Cost of sales data card and evolving 183,008 - Kiosks and Booths 440 - - - Maintenance 214 62,892 - - Clearing 31,424 26,863 - - Other direct costs 2,400 21,239 2,400 11,131

1,213,524 788,580 238,887 273,689

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 6 5

Page 66: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

9. OTHER OPERATING INCOME

GROUP COMPANY2017 2016 2017 2016

₦’000 ₦’000 ₦’000 ₦’000Rental Income 3,500 - 27,612 27,612 Miscellaneous income 25,504 23,581 11,901 1,614 Discount received - 94,713 - 90,519 Waiver received on loan repayment - 184,717 - 178,702 Provision for bad debt no longer required 12,777 5,147 - - Profit from disposal of property, plant and equipment 5,250 - 5,250 - Exchange difference 82,485 99,003 82,485 99,003 Total 129,516 407,161 127,248 397,450

10. FINANCE INCOME AND EXPENSE

GROUP COMPANY 2017 2016 2017 2016₦’000 ₦’000 ₦’000 ₦’000

Finance incomeInterest received on bank deposits 14,813 1,669 9,284 - Total finance income 14,813 1,669 9,284 -

Finance expenses ₦’000 ₦’000 ₦’000 ₦’000Interest expense on loans and overdraft 15,327 15,909 5,327 15,520Total finance expenses 15,327 15,909 5,327 15,520 Net finance expenses/income recognised in income statement (514) (14,240) 3,957 (15,520)

11. EARNINGS PER SHARE

GROUP COMPANY 2017 2016 2017 2016₦’000 ₦’000 ₦’000 ₦’000

Loss for the year used in basic EPS (1,246,971) (1,428,709) (1,734,120) (1,908,433)Loss used in diluted EPS (1,246,971) (1,428,709) (1,734,120) (1,908,433)

Denominator ₦’000 ₦’000 ₦’000 ₦’000Weighted average number of shares used in basic EPS 4,696,060 4,696,060 4,696,060 4,696,060 Weighted average number of shares used in diluted EPS 4,696,060 4,696,060 4,696,060 4,696,060

(27)k (30)k (37)k (41)k

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

6 6 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 67: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

12 (A) PROPERTY, PLANT AND EQUIPMENT (GROUP)

LAND

BUILD

ING

PLAN

T AN

D

MAC

HINE

RY

FIXT

URES

AN

D

FITT

INGS

COM

PUTE

R EQ

UIPM

ENT

EQUI

PMEN

T

MO

TOR

VEHI

CLE

TOTA

L

COST/VALUATION ₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’000Balance at 1 January 2016 76,667 2,000,000 1,896,961 341,999 416,025 1,160,219 199,154 6,091,025 Additions - - 578 752 22,081 716 9,720 33,847 Transfers - - (324,630) - - 324,630 - - Acc depreciation on assets transferred - - (670,206) - - - - (670,206)Write off - - - - (225) (27,348) (37,826) (65,399)Balance at 31 December 2016 76,667 2,000,000 902,703 342,751 437,881 1,458,217 171,048 5,389,267

Balance at 1 January 2017 76,667 2,000,000 902,703 342,751 437,881 1,458,217 171,048 5,389,267 Additions - - 1,260 4,275 3,406 9,228 29,780 47,949 Reclassifications - - - - (20,622) 20,622 - - Disposal - - - (2,148) - (7,378) (6,500) (16,026)Balance at 31 December 2017 76,667 2,000,000 903,963 344,878 420,665 1,480,689 194,328 5,421,190

ACCUMULATED DEPRECIATIONBalance at 1 January 2016 - 40,000 913,625 340,307 393,839 1,123,055 174,172 2,984,998 Depreciation charge for the year - 46,812 78,627 1,444 7,241 54,565 13,317 202,006 Accummulated depreciation on assets transferred - - (670,206) - - - - (670,206)Write off - - - - (74) (25,805) (37,798) (63,677)Balance at 31 December 2016 - 86,812 322,046 341,751 401,006 1,151,815 149,691 2,453,121

Balance at 1 January 2017 - 86,812 322,046 341,751 401,006 1,151,815 149,691 2,453,121 Depreciation charge for the year - 40,002 2,775 2,040 7,998 101,239 16,111 170,165 Reclassifications - - - - (3,007) 3,007 - - On disposal - - - (2,148) (7,378) (2,437) (11,963)Balance at 31 December 2017 - 126,814 324,821 341,643 405,997 1,248,683 163,365 2,611,323

Carrying amount as at: 31 December 2017 ₦76,667 ₦1,873,186 ₦579,142 ₦3,235 ₦14,668 ₦232,006 ₦30,963 ₦2,809,867

31 December 2016 ₦76,667 ₦1,913,188 ₦580,657 ₦1,000 ₦36,875 ₦306,402 ₦21,357 ₦2,936,146

Bank borrowings are secured on the Group’s buildings. The loan has been fully repaid during the year ended 31 December 2017.

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 6 7

Page 68: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

12. (B) PROPERTY, PLANT AND EQUIPMENT (COMPANY)

LAND

BUILD

ING

PLAN

T AN

D

MAC

HINE

RY

FIXT

URES

AN

D

FITT

INGS

COM

PUTE

R EQ

UIPM

ENT

EQUI

PMEN

T

MO

TOR

VEHI

CLE

TOTA

L

COST/VALUATION ₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’000Balance at 1 January 2016 20,230 2,000,000 78,232 246,783 73,216 943,347 154,268 3,516,076 Additions - - - 500 20,622 - - 21,122 Transfers in - - - - - 324,630 - 324,630 write off - - - - - (27,348) (37,826) (65,174)Balance at 31 December 2016 20,230 2,000,000 78,232 247,283 93,838 1,240,629 116,442 3,796,654

Balance at 1 January 2017 20,230 2,000,000 78,232 247,283 93,838 1,240,629 116,442 3,796,654 Additions - - - 703 - 937 - 1,640 Reclassification - - - - (20,622) 20,622 - - Disposal - - - (2,148) - (7,378) - (9,526)Balance at 31 December 2017 20,230 2,000,000 78,232 245,838 73,216 1,254,810 116,442 3,788,768

ACCUMULATED DEPRECIATIONBalance at 1 January 2016 - 40,000 75,263 244,157 55,971 937,444 135,070 1,487,905 Depreciation charge for the year - 46,812 1,666 1,236 6,243 44,608 9,368 109,933 Write off - - - - - (25,805) (37,798) (63,603)Balance at 31 December 2016 - 86,812 76,929 245,393 62,214 956,247 106,640 1,534,235

Balance at 1 January 2017 - 86,812 76,929 245,393 62,214 956,247 106,640 1,534,235 Depreciation charge for the year - 40,002 32 1,250 6,172 90,079 8,796 146,331 Reclassification - - - - (3,007) 3,007 - - On disposal - - - (2,148) - (7,378) - (9,526)Balance at 31 December 2017 - 126,814 76,961 244,495 65,379 1,041,955 115,436 1,671,040 Carrying amount as at: 31 December 2017 ₦20,230 ₦1,873,186 ₦1,271 ₦1,343 ₦7,837 ₦212,855 ₦1,006 ₦2,117,728

31 December 2016 ₦20,230 ₦1,913,188 ₦1,303 ₦1,890 ₦31,624 ₦284,382 ₦9,802 ₦2,262,419

6 8 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 69: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

13. INVESTMENT PROJECTS:GROUP COMPANY

2017 2016 2017 2016

₦’000 ₦’000 ₦’000 ₦’000

Chams Varsity 4,083 4,083 4,083 4,083

Chams Consortium 146,589 146,129 146,589 146,129

Chams Mobile Limited 27,620 27,620 27,620 27,620

Allowance for impairments (177,832) (177,832) (177,832) (177,832)

Total 460 - 460 -

Investment projects represent expenses incurred on behalf of Chams Varsity, Chams.Net and Chams Wallet divisions, and will be converted to shares when these divisions become subsidiaries. The Chams. Net and Chams Wallet was transfered to Chams Switch by the resolution at the meeting of Board of directors of Chams Plc held on 18 July 2016.

ChamsAccess Limited

Deploys across the nation the premium Automated Teller Machines and self - service Chams Access Service Terminals (CAST)

ChamsSwitch Limited

Set up to build an enabling infrastructure to ensure unimpeded expansion of all other E-payment initiatives of Chams Group

ChamsMobile Limited

Setting up more mobile payment platforms that will allow users to carry out transactions through their mobile phones. These transactions range from funds transfer and airtime top-up to balance enquiry etc.

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 6 9

Page 70: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

14. (A) INTANGIBLE ASSETS - GROUP

MAS

TERV

ERVE

CE

RTIF

ICAT

E

NAIR

A .C

OM

NCC

LICEN

CES

SOFT

WAR

E DE

VELO

PMEN

T

KONA

L SO

LUTI

ON

TOTA

L

COST ₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’000Balance at 1 January 2016 24,132 - 150,000 125,349 - 299,481 Additions - externally acquired 24,150 68,645 - - - 92,795 Balance at 31 December 2016 48,282 68,645 150,000 125,349 - 392,276 Balance at 1 January 2017 48,282 68,645 150,000 125,349 - 392,276 Additions - externally acquired - 36,391 - - 20,000 56,391 Balance at 31 December 2017 48,282 105,036 150,000 125,349 20,000 448,667 AMORTISATIONBalance at 1 January 2016 22,794 - 150,000 42,046 - 214,840 Amortisation charge for the year 8,596 4,050 - 7,650 - 20,296 Balance at 31 December 2016 31,390 4,050 150,000 49,696 - 235,136 Balance at 1 January 2017 31,390 4,050 150,000 49,696 - 235,136 Amortisation charge for the year 16,892 - 75,653 - 92,545 Balance at 31 December 2017 48,282 4,050 150,000 125,349 - 327,681 CARRYING AMOUNT AS AT:31 December 2016 16,892 64,595 - 75,653 - 157,140 31 December 2017 - 100,986 - - 20,000 120,986

Intangible assets represent the value of NCC licence acquired from SmartCity by Card Center Nigeria Limited, Software Development Cost acquired from Supercard Limited by Chams Plc recognised in the books in 2011 and Naira.com an internet based payment solution platform transfered by chams plc to Chams switch . The NCC licence and software development cost have a lifespan of 10 years, which should be amortized by straight line method at 10% p.a.

During the year, Naira.com which was hitherto had lifespan of 5years has been reassessed by management as an intangible asset with an indefinate useful life. This basis was supported by the report of Wisdom House Resources and Services Limited, the Consultant commissioned by management to carry out a consultancy services on remeasurement and re-recognition of Naira.com in the books. Naira.com will be review for impairment on an annual basis in line with IAS 38

Amortisation charges on the group’s intangible assets are recognised in the income statement under administrative expenses.

7 0 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 71: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

14. (B) INTANGIBLE ASSETS - COMPANY

SOFT

WAR

E DE

VELO

PMEN

T

TOTA

L

COST ₦’000 ₦’000Balance at 1 January 2016 125,349 125,349 Additions - - Balance at 31 December 2016 125,349 125,349 Balance at 1 January 2017 125,349 125,349 Additions - - Balance at 31 December 2017 125,349 125,349 AMORTISATIONBalance at 1 January 2016 42,047 42,047 Amortisation charge for the year 7,650 7,650 Balance at 31 December 2016 49,697 49,697 Balance at 1 January 2017 49,697 49,697 Amortisation charge for the year 75,652 75,652 Balance at 31 December 2017 125,349 125,349 CARRYING AMOUNT AS AT:31 December 2016 ₦75,652 ₦75,65231 December 2017 N- N-

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 7 1

Page 72: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

15. INVESTMENT IN SUBSIDIARIESa. Composition of the Group

NAME OF THE SUBSIDIARY

COUNTRY OF INCORPORATION AND PRINCIPAL PLACE OF BUSINESS

PRINCIPAL ACTIVITIES

PROPORTION OF OWNERSHIP INTERESTS HELD BY THE GROUP

2017 2016

Card Centre Nigeria Limited Nigeria Printing of payment/ financial cards 90.63% 90.63%

Chams Access Limited Nigeria

Development of ATM, POS, printers and terminals 97.23% 67.80%

Chams Switch Limited Nigeria Processing of electronic payment 91.60% 90%

CARD CENTRE NIGERIA LIMITED

CHAMS ACCESS LIMITED

CHAMSSWITCH LIMITED

As at 31 December 2017 ₦’000 ₦’000 ₦’000Revenue 514,002 758,650 75,551 Cost of sales (433,997) (518,904) (21,736)Gross profit 80,005 239,746 53,815 Other operating income 2,582 22,890 908 Administrative expenses (198,022) (216,154) (94,603)

(Loss)/profit from operating activities (115,435) 46,482 (39,880)Net finance expenses 735 (5,206) - (Loss)/profit before taxation (114,700) 41,276 (39,880)Taxation (4,811) - (2,294)(Loss)/profit after tax for the year (119,511) 41,276 (42,174)

(Loss)/profit allocated to NCI (11,198) 1,143 (3,543)Other comprehensive income allocated to NCI - - - Total comprehensive (loss)/income allocated to NCI (11,198) 1,143 (3,543)

Cash generated from operating activities 26,124 42,188 16,209 Cash outflow from investing activities (18,024) (36,501) (39,318)Cash inflow from financing activities - - 9,000 Net cash inflow/(outflow) 8,100 5,687 (14,109)

As at 31 DECEMBER 2017

Total assets 1,132,945 304,150 157,805 Total liabilities (2,010,591) (344,212) (592,487)Equity (877,646) (40,062) (434,682)Percentage of holding 90.63% 97.23% 91.60%

7 2 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 73: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

CARD CENTRE NIGERIA LIMITED

CHAMS ACCESS LIMITED

CHAMSSWITCH LIMITED

As at 31 December 2016 ₦’000 ₦’000 ₦’000Revenue 335,940 438,906 65,756 Cost of sales (288,644) (214,343) (11,905)Gross profit 47,296 224,563 53,851 Other operating income 30,587 577 6,160 Administrative expenses (629,276) (341,560) (46,630)

(Loss)/profit from operating activities (551,393) (116,420) 13,381 Net finance (expense)/income (380) 1,094 566 (Loss)/profit before taxation (551,773) (115,326) 13,947 Taxation (4,643) (5,537) (1,920)(Loss)/profit after tax for the year (556,416) (120,863) 12,027

(Loss)/profit allocated to NCI (52,136) (38,918) 1,203 Other comprehensive income allocated to NCI - - - Total comprehensive (expense)/income allocated to NCI (52,136) (38,918) 1,203

Cash generated from operating activities 23,265 11,598 69,747 Cash (outflows)/inflows from investing activities (34,706) 854 (70,288)Net cash (outflows)/inflows (11,441) 12,452 (541)

As at 31 December 2016Total assets 960,299 227,906 170,390 Total liabilities (1,718,434) (1,309,244) (780,489)Equity (758,135) (1,081,338) (610,099)Percentage of holding 90.63% 67.80% 90%

Visit our Lagos & Abuja Centres today for state of the art training and testing facilities.

w w w . c h a m s p l c . c o m

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 7 3

Page 74: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

b. Subsidiary with material non-controlling interests

The Group includes one subidiary, Chams Access Limited with material non-controlling interests (NCI) as at 31 December 2017. However, as result of additional investment of N1,000,000,0000 by Chams Plc, the non-controlling interest become insignificant.

c. Interest in unconsolidated structured entities

The Group has no interests in unconsolidated structured entities

d. Investment in associate

The Group’s only investment in associate is in Paymaster Limited. No dividend were received from Paymaster Limited during 2017 and 2016. The investment in Paymaster Limited has been fully provided for based on diminution in value.

e. Analysis of investment

GROUP COMPANY2017 2016 2017 2016

in subsidiaries ₦’000 ₦’000 ₦’000 ₦’000Card Centre Nigeria Limited - - 1,531,302 1,531,302 Chams Access Limited (e(i)) - - 1,810,600 810,600 Chams Switch Limited - - 806,343 599,251

- - 4,148,245 2,941,153 Impairment provision for value of subsidiariesCard Centre Limited - - (981,798) (981,798)Chams Access - - (113,370) (113,370)Chams Switch - - (599,251) - Net investment in subsidiaries - - 2,453,826 1,845,985

GROUP CARD

CENTRE CHAMS ACCESS

CHAMS SWITCH

(i) Movement in investment in subsidiaries ₦’000 ₦’000 ₦’000 ₦’000Balance at the beginning of the year - 1,531,302 810,600 599,251 Transfer from deposit for investment - - 1,000,000 207,092 Balance at the end of the year - 1,531,302 1,810,600 806,343

The deposit for investment in Chams Switch Limited and Chams Access Limited were transferred as additional investment during the year based on the resolution passed by the members of both Companies at board of Directors meetings to allot share to the Company.

(ii) Movement in impairment provision for subsidiaries

CARD CENTRE

CHAMS ACCESS

CHAMS SWITCH

Balance at the beginning of the year 981,798 113,370 - Additions during the year - - 599,251 Balance at the end of the year 981,798 113,370 599,251

7 4 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 75: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

16. INVESTMENT IN EQUITY ACCOUNTED ENTITIES

GROUP COMPANY2017 2016 2017 2016

₦’000 ₦’000 ₦’000 ₦’000Paymaster Nigeria Limited 263,471 263,471 263,471 263,471 Impairment allowance for value of investment (263,471) (263,471) (263,471) (263,471)Net investment in associate - - - -

17. AVAILABLE FOR SALE FINANCIAL ASSETS

GROUP COMPANY2017 2016 2017 2016

₦’000 ₦’000 ₦’000 ₦’000Unitec Nigeria Limited 1,500 1,500 1,500 1,500 Joint Komputer Kompany Limited 100,000 100,000 100,000 100,000

101,500 101,500 101,500 101,500 Impairment provision (1,500) (1,500) (1,500) (1,500)Net Investemnt in equity accounted enties 100,000 100,000 100,000 100,000

(i) Deposit for investments ₦’000 ₦’000 ₦’000 ₦’000Chams Access Limited - - 1,000,000 1,000,000 Chams Switch Limited - - 207,092 207,092 Transfer to investment (1,207,092) -

- - - 1,207,092

18. LOAN RECEIVABLES

GROUP COMPANY

2017 2016 2017 2016

Loan due from Chams Access ₦’000 ₦’000 ₦’000 ₦’000

Balance at beginning of the year - - - -

Reclassifification from current assets( 20(d)) - - 192,747 -

Balance at the end of the year - - 192,747 -

19. INVENTORY

GROUP COMPANY2017 2016 2017 2016

₦’000 ₦’000 ₦’000 ₦’000Terminals and consumables 845,284 934,998 73,904 99,662 Work in progress 35,199 - 20,883 - Allowance for obsolete inventory (410,945) (647,416) (7,795) -

469,538 287,582 86,992 99,662

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 7 5

Page 76: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

20. TRADE AND OTHER RECEIVABLESa. Trade receivables

GROUP COMPANY2017 2016 2017 2016

₦’000 ₦’000 ₦’000 ₦’000Trade receivables 3,037,723 3,424,020 2,672,158 3,040,257 Less: provision for impairment of trade receivables (20(e)) (2,119,840) (1,476,202) (1,940,618) (1,314,748)

Trade receivables - net 917,883 1,947,818 731,540 1,725,509 Receivables from subsidiary companies (Note 19g(i)) - - 6,417 - Receivables from related parties (Note 20(g(ii)) 13,249 13,249 - - Loan to related Company (Note 20(d)) - - - 192,747 Total financial assets other than cash and cash equivalents classified as loans and receivables 931,132 1,961,067 737,957 1,918,256 Prepayments 20,605 20,354 1,613 1,667 Restricted bank balance(Note 20(b) 15,840 - 15,840 - Other receivables (Note 20(c) 119,411 387,820 4,748 278,297 Total trade and other receivables 1,086,988 2,369,241 760,158 2,198,220

b. Restricted bank balance :

Restricted bank balance represents an amount in Zenith Bank Plc placed under lien as a security over performance guarantee bond to Osun State Bureau of Public Procurement on the Time and Attendant Device contract.

c. Other receivables₦’000 ₦’000 ₦’000 ₦’000

Withholding tax 65,056 252,562 2,618 199,591 Directors current account 67 478 67 67 VAT 27,709 88,299 1,278 62,662 Staff receivables 94,595 101,827 79,448 88,344 Other receivables 10,147 25,352 - 8,331 Call in arrears 500 Less impairment allowance on staff loans and directors current account (Note 20(f)) (78,663) (80,698) (78,663) (80,698)Total other receivables 119,411 387,820 4,748 278,297

d. Movement in loan to related company

₦’000 ₦’000 ₦’000 ₦’000Balance at beginning of the year - - 192,747 527,378 Transfer of data center - - - (324,631)Impairment - - - (10,000)Relassify to non current asset (192,747) - Balance at the end of the year - - - 192,747

Term loan represents the loan advanced to Chams Access Limited at an interest free rate. During the year, management resolved to recover the loan from Chams Access Limited when the performance of the Company improves. Based on this, the loan has been reclassified as non current assets.

7 6 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 77: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

e. Movement in impairment allowance for trade receivablesGROUP COMPANY

2017 2016 2017 2016 ₦’000 ₦’000 ₦’000 ₦’000

Balance at beginning of the year 1,476,202 978,086 1,314,748 773,454 Additions during the year 656,415 552,117 625,870 541,294 Write off - (54,001) - - Write back during the year (12,777) - - - Balance at the end of the year 2,119,840 1,476,202 1,940,618 1,314,748

f. Movement in impairment allowance for staff loans and other receivables₦’000 ₦’000 ₦’000 ₦’000

Balance at beginning of the year 80,698 95,791 80,698 95,791 Additions during the year - - - -

80,698 95,791 80,698 95,791 Write back during the year (2,035) (15,093) (2,035) (15,093)Balance at the end of the year 78,663 80,698 78,663 80,698

Allowance for doubtful receivables was made on trade and other receivables which have been past due.Receivables are considered to be past due when they exceed the credit granted or are over 365 days.

g. Receivables from subsidiaries and other related parties(i) Receivables from subsidiaries ₦’000 ₦’000 ₦’000 ₦’000Card Centre Nigeria Limited - - 1,055,074 1,055,074 Chams Switch Limited - - 3,315 - Chams Access Limited - - 3,102 - Allowance for impairment of amount receivable from subsidiaries - - (1,055,074) (1,055,074)

- - 6,417 -

(ii) Receivables from related parties ₦’000 ₦’000 ₦’000 ₦’000Chams Consortium 41,875 41,875 41,875 41,875 Chams mobile 28,338 41,667 28,338 28,338 Provision for impairment on receivables from related Company (56,964) (70,293) (70,213) (70,213)

13,249 13,249 - -

h. The ageing analysis of trade receivables that are past due but not impaired is stated below:

₦’000 ₦’000 ₦’000 ₦’000Up to 3 months 55,600 41,903 55,600 41,903 3 to 6 months 51,254 90,981 51,254 90,981 6 to 12 months 744,723 570,541 15,284 570,541 Over 12 months 2,186,146 2,720,595 2,550,020 2,336,832

3,037,723 3,424,020 2,672,158 3,040,257

Movement in impairment allowance for trade receivables are disclosed in notes 20(e) and 20(f)

Other classes of financial assets included within trade and other receivables do not contain impaired assets.

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 7 7

Page 78: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

21. INCOME TAX

(a) Income Tax GROUP COMPANYCurrent tax expense 2017 2016 2017 2016 Current tax on loss for the year: ₦’000 ₦’000 ₦’000 ₦’000Company/Minimum Tax 28,419 36,274 17,471 26,355 Education tax 1,586 10,422 - 8,240 Information Technology Tax 292 - - -

30,297 46,696 17,471 34,595Deferred tax expense - - - - Originating and reversal of temporary differences - - - - Total current tax 30,297 46,696 17,471 34,595

(b) The reasons for the difference between the actual tax charge for the year and the standard rate of corporate tax in Nigeria applied to profits for the year are as follows:

₦’000 ₦’000 ₦’000 ₦’000Loss for the year (1,230,432) (1,471,916) (1,716,649) (1,873,838)Corporate tax at the domestic rate of 30% (2016: 30%) (758,097) (758,097) (514,995) (562,151)Effect of income that is exempt from taxation 1,575 (9,527) 1,575 - Effect of expenses that are not deductible in determining taxable profit 658,227 936,746 415,856 720,345Losses relieved - (24,949) - - Investment allowance - (7) - - Adjusted loss/relieved 95,988 (89,712) 95,988 (123,598)Capital allowances absorbed - (7,758) - - Minimum tax 28,419 - 17,471 - Education tax 1,586 - - - Information Technology Tax 292 - - - Balancing charge 2,306 - 1,575 - Tax expense 30,297 46,696 17,471 34,595 Effective rate (%) (2) (3) (1) (2)

(c) Group OPENING BALANCE

AT 31 DECEMBER

2016

RECOGNIZE IN NET

INCOME

RECOGNIZE IN OCI

RECLASSIFY FROM

EQUITY TO NET INCOME

CLOSING BALANCE

AT 31 DECEMBER

2017 Deferred tax liabilities ₦’000 ₦’000 ₦’000 ₦’000 ₦’000Excess of NBV over TWDV 259,741 - - - 259,741 Deferred tax liability 259,741 - - - 259,741

Deferred tax assets N’000 N’000 N’000 N’000 N’000Unutilised capital allowances 544,792 - - - 544,792 Write off (285,051) - - - (285,051)Deferred tax assets 259,741 - - - 259,741 Net deferred tax liability movement - - - - -

7 8 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 79: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

Company OPENING BALANCE

AT 31 DECEMBER

2016

RECOGNIZE IN NET

INCOME

RECOGNIZE IN OCI

RECLASSIFY FROM

EQUITY TO NET INCOME

CLOSING BALANCE

AT 31 DECEMBER

2017 Deferred tax liabilities ₦’000 ₦’000 ₦’000 ₦’000 ₦’000Excess of NBV over TWDV 259,741 - - - 259,741 Deferred tax liability 259,741 - - - 259,741

Deferred tax assets ₦’000 ₦’000 ₦’000 ₦’000 ₦’000Unutilised capital allowances 544,792 - - - 544,792 Write off (285,051) - - - (285,051)Deferred tax assets 259,741 - - - 259,741 Net deferred tax liability movement - - - - -

GROUP COMPANY(d) Corporate tax liability 2017 2016 2017 2016 Per Statement of Financial Position ₦’000 ₦’000 ₦’000 ₦’000Balance as at the beginning of the year 681,689 647,631 624,013 590,418

Charge/originating timing difference for the year 30,297 46,695 17,471 34,595

711,986 694,326 641,484 625,013

Payment during the year (247,541) (12,637) (243,333) (1,000)

Per Statement of Financial Position 464,445 681,689 398,151 624,013

(e) The amount provided as income tax on the results of the Group and the Company is based on the provisions of Companies Income Tax Act CAP 21 LFN 2004 (as amended)

(f) Education tax for the Group and the Company is computed at 2% of assessable profit in line with Education Tax Act CAP E4 LFN, 2004 as amended.

22. TRADE AND OTHER PAYABLES

GROUP COMPANY2017 2016 2017 2016

₦’000 ₦’000 ₦’000 ₦’000Trade payables 1,116,895 907,010 788,929 602,608 Other payables and accruals (Note 22(a)) 2,476,534 2,382,802 1,279,453 1,485,374 Total financial liabilities, excluding loans and borrowings, classified as financial liabilities measured at amortised cost 3,593,429 3,289,812 2,068,382 2,087,982 Payable to subsidiary companies (note 24) - - 26,386 25,387 Total trade and other payables 3,593,429 3,289,812 2,094,768 2,113,369

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 7 9

Page 80: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

(a) Other payables and accruals GROUP COMPANY2017 2016 2017 2016

₦’000 ₦’000 ₦’000 ₦’000Advances from customers 60,326 32,598 60,325 32,598 Staff payable 257,877 251,482 87,105 68,122 Sundry creditors 637,873 344,900 349,330 315,231 ChamsCooperative 12,785 16,239 11,755 11,425 Withholdingtax 61,907 61,082 59,394 59,394 Value Added Tax 698,408 707,897 457,003 495,708 Deposit for shares 22,492 23,490 10,030 10,030 Accrued audit fee 9,200 10,400 5,600 5,600 Accruals 154,562 677,321 122,831 364,503 Dividend payable 21,464 21,464 21,464 3,833 Pension payable 80,210 96,626 12,879 33,031 Paye payable 74,364 35,874 30,551 35,874 NHF payable 21,730 17,410 17,147 17,410 Industrial training fund payable 17,186 16,665 16,589 16,665 Accrued tax penalty 27,839 26,536 - - Provision for finance charges 1,665 1,665 - - Deferred revenue 220,562 25,203 - - Accrued directors allowance 96,084 15,950 17,450 15,950

2,476,534 2,382,802 1,279,453 1,485,374

23. LOANS AND BORROWINGS

₦’000 ₦’000 ₦’000 ₦’000Bank Loan (Note 23(a)) 16,141 113,588 - 97,447

Other unsecured loan (Note 23(b)) 103,931 103,931 - - Bank overdraft 8,675 8,675 - - Total Loans and borrowings 128,747 226,194 - 97,447

(a) Movement in bank loans ₦’000 ₦’000 ₦’000 ₦’000Balance at beginning of the year: 113,588 244,518 97,447 227,377 Additions during the year - - - - Repayments (97,447) (130,930) (97,447) (129,930)Balance at the end of the year 16,141 113,588 - 97,447

Security on Facility

1. Admission into mortgage debenture on Head Office property.2. Domiciliation of contract proceeds upon utilization of CFF3. Personal Guarantee of Sir Demola Aladekomo, Former Group Managing Director 4. Personal Guarantee of two directors of Chams Plc supported by statements of net worth5. All Assets Debenture

8 0 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 81: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

GROUP COMPANY

2017 2016 2017 2016

(b) Movement in other unsecured loans ₦’000 ₦’000 ₦’000 ₦’000Balance at beginning of the year: 103,931 100,000 - - Additions during the year - 3,931 - - Balance at the end of the year 103,931 103,931 - -

24. DUE TO RELATED PARTYGROUP COMPANY

2017 2016 2017 2016 ₦’000 ₦’000 ₦’000 ₦’000

Chams Access - - - 25,387 Card Centre - - 26,386 - Chams Switch -

- - 26,386 25,387

The Group has not made any provision for bad or doubtful debts in respect of receivables from related party receivable nor has any guarantee been given nor received during 2017 or 2016 regarding related party transactions.

25. SHARE CAPITALGROUP COMPANY

VALUE VALUE VALUE VALUEAuthorised: ₦’000 ₦’000 ₦’000 ₦’00010 billion ordinary shares of 50 kobo each 5,000,000 5,000,000 5,000,000 5,000,000

NUMBER NUMBER NUMBER NUMBER ’000 ’000 ’000 ’000

10 billion ordinary shares of 50k each 10,000,000 10,000,000 10,000,000 10,000,000

Issued and fully paid: VALUE VALUE VALUE VALUE₦’000 ₦’000 ₦’000 ₦’000

4,696,060,000 ordinary shares of 50 kobo each 2,348,030 2,348,030 2,348,030 2,348,030

NUMBER NUMBER NUMBER NUMBER‘000 ‘000 ‘000 ‘000

4,696,060,000 ordinary share of 50k each 4,696,060 4,696,060 4,696,060 4,696,060

26. RESERVES

(i) Share premium ₦’000 ₦’000 ₦’000 ₦’000Share premium 5,458,750 5,458,750 5,458,750 5,458,750

(ii) Revaluation reserve ₦’000 ₦’000 ₦’000 ₦’000 Revaluation reserve 959,065 959,065 959,065 959,065

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 8 1

Page 82: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

GROUP COMPANY2017 2016 2017 2016

(iii) Retained earnings ₦’000 ₦’000 ₦’000 ₦’000Opening balance (6,429,119) (5,000,410) (3,689,622) (1,781,189)Transfer from income statement (1,246,971) (1,428,709) (1,734,120) (1,908,433)Balance at the end of the year (7,676,090) (6,429,119) (5,423,742) (3,689,622)

27. CAPITAL RESERVECapital reserve ₦’000 ₦’000 ₦’000 ₦’000Opening balance 145,522 145,522 - - Capital reserve on consolidation - - - - Balance at the end of the year 145,522 145,522 - -

28. NON-CONTROLLING INTERESTS₦’000 ₦’000 ₦’000 ₦’000

Share capital 617,246 606,746 - - Share premium 15,119 15,119 - - Revenue reserves (1,282,130) (1,268,372) - -

(649,765) (646,507) - -

29. CASH AND CASH EQUIVALENTS

GROUP COMPANY

2017 2016 2017 2016 Comprises: ₦’000 ₦’000 ₦’000 ₦’000Bank and cash balances 91,808 143,544 32,525 122,022

Short term deposit 92,486 39,783 90,586

184,294 183,327 123,111 122,022

Bank overdraft/borrowings (128,747) (226,194) - (97,447)

55,547 (42,867) 123,111 24,575

30. GUARANTEES AND OTHER FINANCIAL COMMITMENTS Capital commitments

There were no capital commitments authorised by the Directors as at 31 December, 2017 (31 December 2016 - Nil).

Contingent liabilities

a. The contingent liability in respect of a pending litigation with a member of the group is three hundred and fifty million Naira (N350,000,000) with respect to certain contracts executed between the group and a third party.

b. In the opinion of the legal counsel, the group has fifty percent chance of winning the suit.

8 2 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 83: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

31. SUBSEQUENT EVENTS REVIEWIn the opinion of the Directors, there were no significant subsequent events that could have material effect on the state of affairs of the Company and its subsidiaries as at 31 December 2017 and on the loss for the year ended on that date, which have not been adequately provided for or disclosed in these consolidated and separate financial statements.

32. COMPARATIVE FIGURESWhere necessary comparative figures have been adjusted to conform to changes in presentation in the current year in accordance with International Accounting Standard (IAS)1

33. RELATED PARTY TRANSACTIONSRelated parties include the Board of Directors, the Group Executive Board, the Group Managing Director, close family members and companies which are controlled by these individuals.

During the year, the Company transacted business to/from its subsidiaries and associated companies

The related party transactions arose among others from rents due and payments to suppliers. As at 31 December 2017 balances due from and to related Companies were as stated in Notes 20 and 24 to the consolidated financial statements respectively. The significants transactions with the related parties are disclosed below:

Transactions with Subsidiaries

• Rent and service charges to Chams Access Limited is N4.393million

• Rent and service charges to CardCentre Nigeria Limited is N13.195 million

Other related parties

• Working capital loan to Chams Access Limited and CardCentre Nigeria Limited from Chams Plc were N192 million and N331million, respectively.

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 8 3

Page 84: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

N O T E S T O T H E F I N A N C I A L S T A T E M E N T S F O R T H E Y E A R E N D E D 3 1 D E C E M E B E R 2 0 1 7

34. STAFF COSTSInformation regarding Directors and EmployeesStaff Costs (including directors) Comprise

GROUP COMPANY2017 2016 2017 2016

₦’000 ₦’000 ₦’000 ₦’000Wages and salaries 344,154 323,967 181,245 153,957 Pension contribution 19,591 28,780 16,342 16,344

363,745 352,747 197,587 170,301 Emoluments of Directors of the Company were -

₦’000 ₦’000 ₦’000 ₦’000Fee:Chairman 3,130 3,130 2,500 2,500 Other Directors 12,420 12,420 10,000 10,000

15,550 15,550 12,500 12,500 Fees (excluding pensions contributions) include amounts paid to:

₦’000 ₦’000 ₦’000 ₦’000The Chairman 2,500 2,500 2,500 2,500 The highest paid Director 2,500 2,500 2,500 2,500

8 4 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 85: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

CHAMS PLC AND ITS SUBSIDIARY COMPANIES FINANCIAL STATEMENTS, 31 DECEMBER, 2017 OTHER NATIONAL DISCLOSURE

Consolidated and Separate Statement of Value Added

GROUP COMPANY2017 2016 2017 2016

₦’000 % ₦’000 % ₦’000 % ₦’000 %Sales of products and services 1,956,517 1,482,037 608,314 641,435 Other income 129,516 407,161 127,248 397,450

2,086,033 1,889,198 735,562 1,038,885 Bought in materials and services:-- Imported - - - - - Local (2,681,352) (2,709,033) (2,043,656) (2,625,663)Value eroded (595,319) (100) (819,835) (100) (1,308,094) (100) (1,586,778) (100) Applied as follows:To pay employees:Employees’ wages, salaries and other benefits 344,154 58 323,967 40 181,245 14 153,957 10To pay Government:Income tax 30,297 5 46,696 6 17,471 1 34,595 2To pay providers of capital:Finance costs 15,327 3 15,909 2 5,327 - 15,520 1To provide for replacement of assets and growth:- Depreciation of property, plant and equipment 169,329 28 202,006 25 146,331 11 109,933 7- Amortisation of intangible assets 92,545 16 20,296 2 75,652 6 7,650 - - Profit and loss account (1,246,971) (210) (1,428,709) (175) (1,734,120) (132) (1,908,433) (120)

(595,319) (100) (819,835) (100) (1,308,094) (100) (1,586,778) (100)

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 8 5

Page 86: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

CHAMS PLC AND ITS SUBSIDIARY COMPANIES FINANCIAL STATEMENTS, 31 DECEMBER, 2017 OTHER NATIONAL DISCLOSURE

Consolidated Separate Five Year Financial Summary

GROUP COMPANY 2017 2016 2015 2014 2013 2017 2016 2015 2014 2013

ASSETS/(LIABILITIES) ₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’000 ₦’000 Property, plant and equipment 2,809,867 2,936,146 3,106,027 3,358,528 1,682,203 2,117,728 2,262,419 2,028,171 2,119,959 1,164,419 Intangible assets 120,986 157,140 84,641 104,615 98,703 - 75,652 83,303 90,953 98,703 Long term investments 100,000 100,000 100,000 100,000 100,000 2,553,826 1,945,985 1,945,985 1,945,985 1,973,605 Investment projects 460 - 224,048 151,035 151,236 460 - 224,048 151,035 123,316 Deferred tax asset - - 285,051 249,495 - - - 285,051 249,495 - Loan receivables - - - - - 192,747 - - - - Deposit for investments - - - - - - 1,207,092 - - - Net current (liabilities)/assets (2,445,801) (1,357,545) (445,415) 2,889,915 2,645,605 (1,522,658) (414,925) 2,418,098 5,040,324 4,832,305

585,512 1,835,741 3,354,352 6,853,588 4,677,747 3,342,103 5,076,223 6,984,656 9,597,751 8,192,348

CAPITAL AND RESERVESShare capital 2,348,030 2,348,030 2,348,030 2,348,030 2,348,030 2,348,030 2,348,030 2,348,030 2,348,030 2,348,030 Share premium 5,458,750 5,458,750 5,458,750 5,458,750 5,458,750 5,458,750 5,458,750 5,458,750 5,458,750 5,458,750 Fixed assets revaluation reserve 959,065 959,065 959,065 959,065 - 959,065 959,065 959,065 959,065 - Revenue reserve (7,676,090) (6,429,119) (5,000,410) (1,654,792) (2,892,657) (5,423,742) (3,689,622) (1,781,189) 831,906 385,568 Capital reserve 145,522 145,522 145,522 145,522 131,094 - - - - - Non-controlling interests (649,765) (646,507) (556,605) (402,987) (367,470) - - - - - Total equity 585,512 1,835,741 3,354,352 6,853,588 4,677,747 3,342,103 5,076,223 6,984,656 9,597,751 8,192,348

REVENUE AND PROFITRevenue 1,956,517 1,482,037 1,610,478 4,115,835 3,439,197 608,314 641,435 914,929 3,336,359 3,142,035 (Loss)/Profit before taxation (1,230,432) (1,471,916) (3,393,020) 261,805 106,923 (1,716,649) (1,873,838) (2,516,775) 415,137 634,176 Taxation (30,297) (46,696) (12,296) 18,622 81,541 (17,471) (34,595) (2,399) 31,201 89,106 (Loss)/profit after taxation (1,260,729) (1,518,612) (3,405,316) 280,427 188,464 (1,734,120) (1,908,433) (2,519,174) 446,338 723,282 Attributable to:Owners of the Company (1,246,971) (1,428,709) 310,739 321,031 138,916 - 446,338 723,282 637,344 Non controlling interest (13,758) (89,903) (30,312) (132,567) (51,377) - - - - -

PER SHARE DATA (Kobo):(Loss)/earnings per shareBasic(kobo) (27)k (30)k 27 7 3 (37)k (41) 30 15 14 (Loss)/earnings per shareDiluted(kobo) (27)k (30)k 7 7 3 (37)k (41)k 30 15 14 Net assets per share (kobo) 12 146 100 96 100 149 108 174 737 34

8 6 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 87: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Corporate profile and subsidiary informationChams PLC is Nigeria’s leading provider of innovative and intelligent business solutions. Over the last three decades, Chams has evolved from computer and hardware maintenance to providing intelligent business technology solutions in the identity management, payment and transactional systems space to public and private sector institutions.

• We have been part of every major success story in Identity management in Nigeria since 1992 to date.

• Owing to our experience and expertise, we have built robust, secure and adaptable platforms to drive identity management, identity transactions and verification services for public/private sector initiatives and businesses.

• Incorporated in 1985, we have grown from a privately owned business to a publicly quoted company listed on the Nigerian Stock Exchange.

The successful execution of Nigeria’s banking industry Bank Verification Number Project for the identification and verification of bank customers could not be mentioned without including Chams PLC having handled the execution and deployment of the solutions and agents for the project. The multi-million dollar project is an initiative of the Central Bank of Nigeria (CBN) and the Banker’s Committee, and is the first banking industry biometrics identity matching solution in the global financial markets.

O U R S O L U T I O N S B O U Q U E T

CHAMS IGR HUBTrusted Internally

Generated Revenue Solution

Our Chams IGR Hub is an integrated

tax management system customised

to the State Board of Internal Revenue for effective collection, management and

consolidation of revenue.

TIME AND ATTENDANCE

SOLUTIONOur Robust time and attendance solution allows organisations

to effectively manage their employees day to day activities for

office productivity and efficiency.

CHAMS E-EDUCATION

SOLUTIONSOur robust solution for automation of

school administration for identity

verification, time and attendance and

management

RESIDENCY AND CITIZENSHIP

SOLUTIONOur residency solution

is an automated enrolment solution

that allows government of a state or a nation have an overview of

number of residents for appropriate allocation of funds and resources. This involves biometric enrolment and card

issuance.

AUTOMATED HUMAN RESOURCE MANAGEMENT AND PAYROLL SOLUTIONA complete financial

solution for managing and engaging your diverse workforce

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 8 7

Page 88: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

B I OMET RI C E NROL MEN TThis is our robust

solution that provides an identity

management system for verification of individuals within a community or

populace.

VOTAVota is a robust

solution for e-Voting. It is a responsive web and mobile platform

where members of an association can vote

using any smartphone or tablet. It provides

a seamless and integrated interface for effective coordination

of votes.

PENS ION V ERIFICATION

S OLUTIONThis an automated pension solution

that provides ease of access to verification of pensioners in their

respective geographical location. It provides headcount conve-

nience to all pension-ers for payments and

benefits.

STUDENTS IDENTITY

MANAGEMENT S OLUTION

Identity management portal for all public and private schools with performance

evaluations for both students and teachers.

A platform for all forms of computer

aided testing. Central dashboard for statistics of students’ distribution

across the state.

O U R P R O D U C T S - O U R I N N O V A T I V E O F F E R I N G S

CONFI RMMEConfirmMe is a robust Verification platform

that offers identity and credential verification

services in Nigeria

MEMBERSHIPOur Membership

platform is a multipurpose and highly interactive

portal that allows the automation of an

association’s activities and engagement of

members.

CHAMSCITY BPOChamsCity BPO is a virtual world that

offers computer based testing, training, biometric enrolment and services ranging

from verification, virtual offices, etc.

CHAMS IGR-The Chams IGR-

collection solution is a governance administrative

management solution that establishes a unique biometric-

based identity for all citizens.

C O R P O R AT E P R O F I L E A N D S U B S I D I A R Y I N F O R M AT I O N

8 8 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 89: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

C O R P O R AT E P R O F I L E A N D S U B S I D I A R Y I N F O R M AT I O N

O U R S U B S I D I A R I E S - C H A M S G R O U P S T R U C T U R E

• Customer Lifecycle Management

• Card Printers

• Issuance solutions

• ATM Machines

• Point of Sale terminals

• Access Control

• Kiosks

• Prepaid Card License

• Transaction Switching license

• Scheme creation and management

• Electronic channel deployment and management

• Financial cards

• Smart ID cards

• Financial Cards

• Retail / Loyalty schemes

• Sim Cards

• Badging systems

• KEGOW Mobile Payment Platform

• Mobile POS terminals

• Cash in/Out

• Agent Networks

• Mobile Transactions (Invoicing /Receipts)

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 8 9

Page 90: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

…your access our passion

C H A M S A C C E S S L I M I T E D

B U SINE SS FOCUS P RODUCT S OFFERI NGS

BRAND PARTNERS

Dr Evans Woherem fca Chairman • Fmr. Ex. Dir. First Bank of Nigeria

• Fmr. Ex Dir. Unity Bank Plc. • Chairman River State MFBs • Dr, Artificial Intelligence

Dumebi ObodoChief Operating Officer • Over 10 Years in the Group

• Hardware Sales • ID issuance • IAD License • Software • Support • Maintenance

• Customer Lifecycle Management

• Card Printers • Issuance solutions • ATMachines • Access Control

• Evolving Systems • Datacard • Kingteller • Iguard

ChamsAccess Limited is a Leading Access and Technology Solutions Company focused on providing Customized Solutions that create instant value for our customers.

Established in 2009, as a subsidiary of Nigeria’s indigenous Identity management and transactional service provider - Chams Plc, ChamsAccess is committed to providing simplified technology solutions to enhance peoples’ lives. With roots in Nigeria, we have set our sights on spreading beyond our shores while maintaining our position as Africa’s first choice in Technology Services. As a Fintech, we avail the banks with the necessary technology leverage to meet their customers’ demands.

Having successfully deployed the BVN project across all the commercial banks in Nigeria; and providing Instant Card Issuance solutions for the banks and corporate organizations in Nigeria, we are poised with the requisite expertise garnered through years of painstaking deployments to deliver IT solutions in the key sectors of the economy.

C H A M S S W I T C H P A Y M E N T S Y S T E M S

B U SINE SS FOCU S

P RODUCT S OFFERI N GS

BRAND PARTNERS

Olusegun Oloketuyi Chairman • MD, CEO Wema Bank Plc. • Director Associated Discount House • Fellow Chartered Institute of Bankers • Fellow Institute of Chartered • Accountants

Emmanuel Ojo Chief Operating Officer • E-buisiness Head, Diamond Bank • Head Branch Operations • E-payment and Switching Strategist

• Payment systems • Transaction switching

• Platform service

• Prepaid Card License • Transaction Switching license

• Scheme creation and management

• Electronic channel deployment and management

• All Nigerian Banks • Local and international processors

ChamsSwitch Limited is a subsidiary of Chams Plc established in 2008 to provide payment solutions to Financial Institutions and switching services for identity management platforms supported by the Federal Government of Nigeria. ChamsSwitch has flexible technology models committed to providing a robust and flexible platforms capable of integration with any e-commerce and Mobile system.

C O R P O R AT E P R O F I L E A N D S U B S I D I A R Y I N F O R M AT I O N

9 0 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 91: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

ChamsSwitch also offers payment solutions capable of processing closed and open card schemes. We provide high performance and flexible 3rd party software integration supporting a host of merchant services. The flexibility and robustness of our payment system tends to increase corporate organizations’ ability to offer more innovative services to their customers at insignificant cost.

We offer a comprehensive array of services to help corporate organizations meet their business goals. Our Product Solutions that aid Retail and Corporate business needs are; Pre-paid/Debit/Credit processing (TPP), Person-2-Person (P2P) Funds transfers, Bulk e-Salary and e-Pension payments, Airtime Top-Up service and Utility Bill Payment via Web & Mobile Apps and Payment Gateway Internet Service for web processing.

C A R D C E N T R ECertified Card Personalization Bureau - MasterCard, Visa, Verve, Genesis

BU SINE SS FOCU S

P RODUCT S OFFERI N GS

BRAND PARTNERS

Sir. Demola Aladekomo Chairman • Fmr. GMD/CEO, Chams PLC

Mr. Kehinde Lapite Chief Operating Officer

• Card Production • Card Personalization

• Card Solutions • Secure Badging Systems

• Financial cards • Smart ID cards • Retail / Loyalty schemes

• Sim Cards • Badging systems • Event management & registration

• Datacard • KONAi • Gemalto • Future cards • XH Smartcard • Masria • Verve • Visa • Mastercard

CARDCENTRE is a certified card personalization bureau (card manufacturing company). It specializes in the production, printing and personalization of card products such as  PVC pre-printed cards, PVC based ATM/Debit and EMV/Chip cards for the Financial and other related users  as well as supply of  SIM and RUIM cards for GSM/ CDMA telephone operators and sales of card related solutions.

Prior to its incorporation as a limited liability company in August 2004, CardCentre had existed as a division of Chams Plc and has grown to become  the foremost provider of card based solutions and related products and services in Nigeria.

With our installed production capacity of 150 million cards per annum and a projected increase to 500 million cards per annum, we are confident of our ability to satisfy immediate and future needs for timely delivery of quality products.

CardCentre Nigeria Limited is a Mastercard, VISA and Verve certified facility; ISO 9001: 2008 certified card manufacturing company.

Our plant is equipped with the latest range of high-speed card personalization equipment.

We are one of the two Nigerian companies awarded the Nigerian Government National Identity Card personalization project.

C O R P O R AT E P R O F I L E A N D S U B S I D I A R Y I N F O R M AT I O N

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 9 1

Page 92: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

C H A M S M O B I L EPowered by Best Mobile Money / Card Combination Operator in Nigeria – 2015

BU SINE SS FOCU S

P RODUCT S OFFERI NGS

BRAND PARTNERS

Brian Larsen CEO • CEO Bancore • CSO iLoop Mobile • CEO Payfish.com

Gavin YoungDeputy CEO • Fmr Director Visa EMEA • Fmr GM, United Bank for Africa

• Mobile Payment • Central Bank Licensed operator

• KEGOW Mobile payment Platform

• Mobile POS terminals

• Cash in/Out Agent • Networks • Mobile Transactions (Invoicing /Receipts

• Bancore • Interswitch • GTP (Global technology Partners)

Chams Mobile Ltd was awarded a mobile money (payments) license by the Central Bank of Nigeria during late 2011 and is subsequently an authorized and licensed Mobile money operator. Chams Mobile Limited, trade in Nigeria as Bancore Nigeria Ltd. Until recently, Chams Mobile was fully owned by Chams Plc however, as part of the Chams Plc board agreed strategy to focus on its core business of identity management, it will retain a minority shareholding in Chams Mobile, but will continue to provide the benefits of its existing business and relationships to support Chams Mobile and ensure profitability.

Bancore limited has over the years developed a highly professional organization with strong international partnerships. Today, Bancore is a leading financial service provider covering a wide range of mobile banking and micro-payment services for international enterprises and merchants. Bancore employs in-house top-level programmers; development teams, sales and marketing staff and a specialized consulting team within micro-payment, card services, and mobile money transfers.

C O R P O R AT E P R O F I L E A N D S U B S I D I A R Y I N F O R M AT I O N

9 2 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 93: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

Corporate Directory HEAD OFFICE 8 Louis Solomon Close Off Ahmadu Bello Way Victoria Island Lagos

ABUJA OFFICE Plot 1002, 1st AvenueOff Shehu Shagari Way,Central Area,Abuja

WEBSITE AND T EL EP HO NE NUMBER SE-mail:[email protected] Website:www.chamsplc.com Tel: +234 (01) 4536526

ASSOCIATE ChamsMobile Limited 128a Plot 9bNew Creation StreetOff Maruwa RoundaboutLekkiLagos

SUBSIDIARIES ChamsAccess Limited 8 Louis Solomon Close Off Ahmadu Bello Way Victoria Island Lagos

ChamsSwitch Limited 8 Louis Solomon Close Off Ahmadu Bello Way Victoria Island Lagos

CardCentre Nigeria Limited 8 Louis Solomon Close Off Ahmadu Bello Way Victoria Island Lagos

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 9 3

Page 94: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

List Of Unclaimed Dividend

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

1 3 ADEMOYE ABIODUN X -2 4 ADENIYI ADEYEMI X X3 5 ADEOLA ANIFOWOSHE X X4 7 ADEYOYE MONSURAT ARAMIDE - X5 9 AFOLARIN BANWO X X6 15 ESTATE OF ASALU AKINTUNDE - X7 17 BARUWA FATAI - -8 20 COMPSOLVE INTERNATIONAL

LIMITED- X

9 21 CONYBRID NIGERIA LTD - X10 22 DAHIRU AMIN JIBRILA - X11 26 DURODOYE KAZEEM - -12 28 EQUINOX PROPERTIES LTD - X13 30 FADIORA OLUROTIMI JACOB - -14 46 KADIRI YUSUF - -15 47 KING PRODUCTS AND SOLU-

TION LTD- X

16 50 LABIJA GABRIEL - X17 53 MOHAMMED MODINAT BOLANLE - X18 56 NDALOLO AMINAT - X19 59 OBIORA IBE - X20 62 ODIMBA JOSEPH - X21 63 ODUSANYA RUFUS OLUKAYODE - -22 64 ODUTOLA ADELANA - X23 66 OGODO MICHEAL - X24 68 OLAJUMOKE MOLADE - X25 69 OLOPADE ABIODUN - X26 72 OLOOWOKERE OLUSHOLA - X27 74 OLUSOLA OMOTAYO - -28 75 ONI BABATUNDE - X29 80 PALMER KENNEDY - -30 83 SAB-KON SERVICES - X31 87 SAWYERR AKIN - X32 88 SHOTUNDE OMOLARA - X33 91 SOSAN ABIODUN NIGEL - X34 92 TAIWO OLUYEMI - X35 93 THE ROCK TRUST LTD - X36 97 WILLIAMS SUNDAY O - X37 98 ESTATE OF WILLIAMS T. ABAYOMI - X38 106 IDENTICO INTERGRATED SERV. LTD. - X39 108 OGUNNEYE LADI - X40 114 IFE IBIJOJU - X41 118 BABAJIDE OLUWASANMI - X42 120 FERNANDEZ BARON DEHINDE - X43 122 GEM TRAVELS AND TOURS LIMITED - X44 124 TAIWO TITI - X45 137 AJIBOYE GBENGA - -46 147 BANKOLE J. O. (CHIEF) - X47 150 CLEARVIEW INVESTMENT CO. LTD - -48 151 OKEREKE-ONYUIKE NDI (PROF) - -49 154 YAROE BINOS DAUDA - -50 155 IDOWU YINKA - X51 156 FATOBI FUNSHO - X52 157 ASINOBI OYEWUCHI (DR) - -53 158 CAMRY NOMINEES LIMITED - -54 160 OGBEIDE BERNADETTE - -55 161 FIRST INLAND SECURITIES &

ASSETS MGT LTD- -

56 162 DURUIKE ALEX - -57 168 OBIEKWUGO AGATHA - X58 171 SONOIKI OLUSEYE ABODUNRIN - -59 176 AGBOOLA OLAIDE - -60 177 SHODEINDE AYODEJI UZENAT - X61 181 MINERVA RECRUITMENT LTD - X62 182 OGINNI OLUWATOYIN AJAO - X63 183 CHIBUZOR NNAEMEKA OKAFOR - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

64 187 AREGBESOLA FOLASASE JELIAT - X65 188 IBIYEYE MARY OMOTAYO - X66 192 ORIOKE ODUN DUNNI - -67 197 OGBALU MICHAEL OBIEFUNA - X68 206 REAL STOCK PROPERTIES - X69 209 FLOORTEX WEST AFRICA LTD - X70 212 ONWUGBENU KIZITO - X71 217 ONUORAH PAUL - X72 218 IDRIS OLAGOKE R. - X73 223 TRIDYNAMICS OIL & GAS LTD - -74 227 ONAGORUWA OBAFEMI ONARIKE - X75 228 GLOBAL GROWTH & INCOME LTD - X76 232 EMMANUEL INNOCENT MEBEI - X77 236 AMAJUOYI ANITA - X78 238 NWANKWO OKECHUKWU

JEREMIAH- X

79 240 CHIDOKA OBINNA - X80 241 OLAMIDE SHONEKAN - X81 242 GSO - X82 243 AROWOBUSOYE TAIWO PAUL - X83 245 NWAKA NKECHI DAINA - X84 248 OLUYORI SEGUN - X85 249 ENO BAKHARE OGHOGHO

YEWANDEX X

86 252 OGUNDERO IYABOSOLA X -87 253 UBA GLOBAL MARKETS - X88 261 UKA IFEANYI CHUKWU - X89 265 MARTINS OLADIPUPO - X90 266 MARTINS STEPHENIE OLAOLU-

WALAYO- X

91 267 WURAOLA AKINDELE OLUFEMI - X92 271 FAKOYA TOLULOPE - X93 281 ADEWUYI ADEFUYI OLAYEMI - X94 284 WILLIE VICTOR X -95 285 OZIGBO VALENTINE CHINETO - X96 290 NORTH CENTRAL - -97 295 ANIDUGBE KOFOWOROLA

OLAITAN- X

98 296 OMOROTIONMWAN MC JOSE - X99 298 AKINDELE OLUKAYODE OLADIPO - -100 299 KAZIM MUYIDEEN ADEYINKA - X101 303 EASTLINE INVESTMENTS - X102 305 DURODOYE KAZEEM KOLAWOLE - -103 315 CARDINAL DEVELOPERS &

TRUST LTD- X

104 319 SULE ABDUL HAKEEM OLUDAYO - X105 323 ANGELA TELLA MORIAMO X X106 324 CHUKWU BOBBY THEOPHILUS X X107 325 CHUKWU ANN X X108 327 YOMI ONIWINDE - X109 328 AJIEH FESTUS OCHEM - X110 329 OKPALA ESUNE THONY - X111 334 OSUNGBESAN OLUFUNMILOLA - X112 335 OKOCHA PEACE EBERE - X113 337 OGUNGBILE SAMUEL PRECIOUS - X114 348 FIRST EQUITY SEC LIMITED - X115 350 OBIAKOR DENIS - X116 355 SOLABI OLAJUMOKE

OMOBOLANLE- X

117 360 USMAN REUBEN MONDAY X X118 361 AFOLABI ADEBAYO - X119 363 OKPALAOKA CHUKWUEMEKA

NKEMAKONAM- X

120 365 AKINLAJA FOLAKE TAIWO - X121 367 NWAKOGO PATRICK EKENE - -122 369 ASIJE MICHAEL A. X -123 375 MOLOKWU UZOECHINA - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

124 409 ISICHEI YVONNE UZO - -125 411 ENYINNAYA IVIE - -126 412 HIGHYIELD FUNDS MGT LTD - -127 429 ADEDOYIN GHOGHO TEMITOPE - -128 436 SALIHU MOHAMMED - X129 437 AL-ASA NIGERIA LIMITED X X130 438 AYMUR INVESTMENTS LTD - X131 439 IJOMAH IKEM - X132 441 ADEBAJO PEJU X -133 452 CHIDOZIE CHIKE - X134 460 OBIJIAKU SAMUEL IKECHUKWU - X135 461 MODEBE ANIREJUORITSE RITA - X136 474 TRIPPLESEA LIMITED - X137 483 CHINECHEREM FABIAN E. - X138 485 IMP NOMINEE YRO - -139 486 OMO-LAMAI VIRTUE AMANESI - X140 501 EXERT TRADING LTD - X141 502 HARRIS ANNEKE LTD - X142 503 DEMOK IND LTD - X143 504 DEROX PAPER MILL LTD - X144 506 GEE TWO INVESTMENT ASSOCI-

ATES LIMITED- X

145 517 VERHEIJEN DANLADI - -146 518 OSAJI OKEZIE FRANCIS - X147 529 NWENE IGNAY - X148 532 IHEANYI OBIALOR X -149 540 NWOSU ABATAM CHUKWUJEKWU - X150 542 IDRIS BILKISU ZAKARIA - X151 543 KOYENIKAN OLUSOLA IDOWU - X152 550 UCHE-OKOLI AKUCHUKWU

FRANKA- X

153 551 ONWUGBENU ONYEDIKA ANTHONY

- X

154 552 LADIPO KOLA JAMES - X155 562 TECHBENIK LIMITED - -156 564 OFI AYODELE OLUFEMI - X157 565 ECO INVESTMENTS LTD - X158 571 UFOEZE CHIZOBA ANGELA X -159 572 OBIANO (CHIEF MRS) EBELE-

CHUKWU V.- X

160 573 JONAH UKAIBE X -161 575 ONYEKWELU ANGELA IFEANY-

ICHUKWU- X

162 577 ODIETE UDUMA JUSTINA X X163 578 ALLWELL-BROWN SIENNE - X164 584 NWOSU ONYANI UKA - X165 586 OKORIE ANSELM - X166 590 BADEJOKO ADETOLA O. - X167 602 DREAM BASKET LIMITED - X168 603 NWACHUKWU NNEKA - X169 607 SIR EKEUGO CHILEOBI

CHUKWUMA- X

170 612 OKOTETE ALEXANDER JUVWERE - X171 619 RABIU ABDULHAMEED JIBIA - X172 620 EMMANUEL OLUGBENGA

OBISESANX -

173 621 ONYEANI-NWOSU CONSTANCE CHIKA

- X

174 622 GBADEBO RUFUS ADEFOLA - X175 624 ADEYANJU ADEOLA OLATUNJI - X176 627 NWACHUKWU CHINELO NGOZI X -177 630 DEMANEHI INVESTMENTS LTD - X178 632 NWACHUKWU NKECHI ENYIDIYA X X179 636 MADIEBO RICHARD NWORA - X180 640 AKAIGWE CHRISTIAN OGO-

CHUKWUX -

181 641 AKINROTIMI FEMI - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

182 642 ALLI ADEBAYO X -183 643 BRIBENA EMMANUEL OYINKURO - X184 644 CHIME ROMANUS IKECHIKWU - X185 647 EHIS ULAIKERE - X186 648 EZE OBINNA EMMANUEL X -187 649 ILOBAH ONUORA MICHAEL X -188 652 KALE ADEDAYO ADEBOLA X -189 658 OLAOBAJU TIMOTHY O. - X190 659 OLAOYE MICHAEL AKEEM - X191 661 AGU AFAM - X192 666 ONYEOMA ONYINYE GRACE - X193 667 ABAGANA SUSANNA. U. - X194 668 FIRST TRUSTEES A/C OKOLOCHA

GILBERTX -

195 674 ADEDOKUN (MR & MRS) ADENIRAN - X196 677 OSUAGWU NICHOLAS

CHIKODINAKA- X

197 682 FAKOLADE TEMITAYO ONAOLAPO X X198 687 OKATTA CELESTINE OKEY - X199 688 ADEKUNLE BAMIDELE X X200 690 CHIJIOKE EVELYN NNENNAYA - X201 693 OLUBA JUDE CHUKWUEMEKA X X202 697 ILUPEJU OLAJUMOKE ABIMBOLA X -203 698 ONWUCHURUBA OKECHUKWU

THEOPHILUSX -

204 704 ADEGBOYE KEHINDE ISAAC X X205 707 AKABOGU NCHEDO AUGUSTINA X X206 708 AKINYEMI AMIDU AKANMU - X207 709 ALUKO ADETORO X X208 711 BASHARU HASHIYA HARUNA - X209 712 BELLO ADEOLA X X210 713 EKWERONU ONYINYECHI

ONONOGBU- X

211 715 SOYODE OLUWATOMI - X212 718 UDOH ANDY IME - X213 720 A & B CAR CONCEPT NIG LTD X X214 721 ABALOGU CHIOMA - X215 722 ABENGOWE NGOZI ANNABEL X -216 726 ADEKOYA OLATUNBOSUN - -217 729 ADEYEMI OLUBUNMI OLUMIDE - X218 732 AIYELEYE AYODELE PHILIP X -219 733 AIYELEYE FRANCIS BANKOLE X X220 735 AJITERU SOLOMON OYEYEMI - X221 745 AMOS TROST X -222 748 ANDEOBIH LTD X X223 750 ANIKWE JOSEPHAT UCHENNA - X224 751 AQUANOX NIGERIA LTD - X225 755 AXHOLME NOMINEE LTD ‘JB’

ACCOUNT- -

226 770 FADAYOMI MIKE - X227 771 FAGBOLAGUN RAPHAEL - X228 772 FARODOYE JAMES OLADIPO - X229 773 FARODOYE OLAKUNLE JOHN X X230 776 FOLIO VEST LTD - X231 788 ILUYOMADE IDOWU - X232 792 KOYENIKAN OLUSOLA - X233 796 MIBIOLA SIMON - X234 810 OLARINDE ADETAYO RAHMAN - X235 811 OLUBODE DEJI - -236 814 OLUOKUN AYO - X237 816 ONIFADE TEMITOPE COMFORT - X238 817 ONWUDIWE JANET AJUMA X X239 819 OTITI HAKEEM OLANREWAJU

GBOLAHAN- X

240 821 PENDER - OBODO KIKI OKIREMETU X X241 822 PINEFIELD INVESTMENT SERVICE - -242 824 POPOOLA ROTIMI X -

9 4 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 95: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

L I S T O F U N C L A I M E D D I V I D E N DS/N

O

ACCO

UNT N

O

NAME PYT 2

PYT 3

243 829 FASHINA TEMITAYO X X244 830 HYCON MILLENIUM A/C KAMSI X -245 831 HYCON MILLENIUM A/C KAOSI X -246 832 HYCON MILLENIUM A/C MBACHU X -247 833 HYCON MILLENIUM A/C OMOTOLA X -248 834 HYCON MILLENIUM A/C PETER X -249 835 HYCON MILLENIUM SERVICES LTD X -250 836 IMEH IMOH X X251 838 EJIBE IRUNNA BLESSING - X252 842 MBACHU EBERECHUKWU PETER X -253 847 OBIEFUNA TONIE EJIKE - X254 855 TINUOLU GABRIEL OMOTUNRAYO

ABIOLAX X

255 856 TITILOYE OLUWAYEMI FELIX X X256 859 UGWUNTA BONIFACE ANIAGOR - X257 862 UZO NWANKWO X X258 869 BAZUAYE KINGSLEY OSAYANDE - X259 871 ARIBALOYE BABAJIDE - X260 872 JIDE-ARIBALOYE OLUFUNMILOLA - X261 873 ARIBALOYE OLUWADAMILARE - X262 877 POPOOLA OLUFUNSO X -263 880 MODULOW NIGERIA LIMITED - -264 881 ALAO AYOKUNLE - X265 882 OLADIPO MATINA AJIBADE X X266 883 ADU OLUWASEUN OLATUNDE - X267 884 UMELO KELECHI CHINAKA X X268 885 ABINA OLAOLUWA X X269 886 ABINA EMMANUEL FOLORUNSHO - X270 887 OTELE IKECHUKWU - X271 890 ONI FUNMILAYO TEMITOPE X X272 897 AKUCHIE JUSTICE - X273 901 ERIKUME KENNETH - X274 903 IGBUDU EDDY CHIMEZIE - X275 905 ONYEMA CHUKWUWE HENRY - X276 908 OLANIYI OLUKEMI TITILOPE - X277 913 BALOGUN OMOOLADE

OLUWAGBEMI- X

278 915 MEGWAI STEVE IFEANYI - X279 918 AMBODE OLUWATOFUNMI

OLASUBOMI- X

280 919 AMBODE OLUWAJOMILOJU JUMOKE

- X

281 920 BOLODEOKU ADEDAMOLA - X282 924 AWOJOOPU BANKE YETUNDE X X283 925 ENWERUZO-AWAEF OLUCHI

DORINE- X

284 927 OGBARA KAZEEM - X285 929 OYELOWO MATHEW OLANIYI X X286 949 OKONGWU AMALACHUKWU - X287 950 ANUCHE NGOZI MAUREEN X X288 951 ABOLARINWA KAYODE - X289 954 ADESANYA ADENIYI - X290 956 ILORI AUGUSTINE OLUSEGUN - X291 959 ONYEMAH FELIX AZUKA - X292 961 OGUNTOLA OLUROTIMI

BABATUNDE- X

293 963 ODELEYE OPEYEMI OMONIKE - X294 964 OGUNDERO OLUFOLAKE - X295 970 AKPE ARHO - X296 974 JOSHUA INVESTMENTS LIMITED - X297 975 CAPITAL CONSORTIUM LIMITED - -298 977 ONABOWALE KAYODE

OLUMUYIWA- X

299 978 JABOW NIGERIA LIMITED - X300 979 KUTI KAYODE - -301 982 ABIODUN HELEN TITILAYO - X302 983 A. J. & FLIK NIGERIA LIMITED - X303 984 CAXTON NIGERIA LIMITED - X304 985 AJIBOLA FOLAKEMI OLUWAYEMISI - X305 987 OTELE IKECHUKWU - X306 988 MUSLIM STUDENT SOCIETY

OF NIGERIA- X

307 989 DOBLIC ENTERPRISES - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

308 992 SIL CHEMICALS LIMITED - X309 996 IRABOR CHRISTY EGHONHON - X310 999 AYINDE ABIMBOLA OMOTANWA X X311 1005 OLAOYE PIUS TAYO - X312 1006 NURUDEEN-AHMED MUSILIU

ALABAX X

313 1008 ONWUGHALU THEDORA NWAMAKA

- X

314 1012 ODUTOLA ADEGBOYEGA - X315 1013 ODUTOLA OLUFUNKE X X316 1014 BABALOLA OLUSOLA - X317 1015 ADEGOKE FREDRICK - X318 1016 ADEGOKE ADENIYI - X319 1017 ADEGOKE OKIKIOLA - X320 1018 ADEGOKE YEWANDE - X321 1019 ADEGOKE ADEDAMOLA - X322 1020 ADEGOKE TENIOLA - X323 1021 ADEGOKE WONUADE - X324 1022 ADEGOKE OYINKANSOLA - X325 1023 ADEGOKE OYINJOLAYEMI - X326 1024 ADEGOKE OMOYENI - X327 1025 ADEGOKE KOFOWOROLA - X328 1026 ADEGOKE NAOMI - X329 1030 KUTI KAYODE - -330 1034 ABANIKANNDA OLATUNJI

TAJUDEEN- X

331 1035 LAOSHE-LAWAL ADEBUFOLA MORENIKEJI

- X

332 1036 OWOLABI TEMITAYO OLUSEUN - X333 1038 EGEDE ROLAND EFE X X334 1039 AROWOLO OLUSEUN GBADEBO X X335 1040 ABIODUN AFOLABI KAREEM X X336 1042 OWOLABI GBENGA - X337 1043 XSQUARE CAPITAL LIMITED - X338 1044 ABIODUN AZEEM AKINBIYI - X339 1045 OWOLABI GBENGA OLADAPO - X340 1046 ABIODUN ADEROJU MODUPEOLA - X341 1047 SHALLYBROS TELECOMS LIMITED X X342 1048 OWOLABI FOLASHADE ABOSEDE - X343 1053 OGUNGBESAN OLUWAD-

AMILOLA O.- X

344 1066 AGBOTI AZUBUIKE EMMANUEL - -345 1068 BAJAH EMIKO - X346 1073 FOLA-ALADE ADEOLA REMILEKUN - X347 1076 SODEINDE OLUGBENGA AJIBOLA - X348 1084 ADEYEMI OLUFUNMILAYO - X349 1103 NASSAR MOSHOOD LANREWAJU - X350 1104 ADENIYI WUMI OLUSHOLA - X351 1106 ATHROL NIGERIA LIMITED - X352 1108 ILODIANYA UCHECHI CHRISTIANA - X353 1109 LEWIS-ASONYE OBINNA - X354 1113 ENENDU MIKE OGBONNA - X355 1114 ONUMAJURU AUGUSTINE

ONYEKACHI- -

356 1115 ADEOSUN ADESANMI OLORUNLEKE

- X

357 1116 FAKAYEJO OLUWATOBI OLAMIDE - X358 1118 TRIPAX INVESTMENT NIGERIA LTD - X359 1119 OGINNI IDOWU ADENIRAN - X360 1121 SODEKE ADEMOLA KOLAWOLE - X361 1122 OGINNI TAIWO - X362 1123 OGINNI FUNMILAYO CATHERINE - X363 1124 ROYAL TREASURES GLOBAL

VENTURES- X

364 1126 ADEYINKA OLUWAREMILEKUN - X365 1127 CHIVALRY MERCHANTS &

BROKERS LTD- X

366 1128 AFOLABI ADEDAYO BABATUNDE - X367 1129 ENWERUZO-AMAEFULE OLUCHI

DORINE- X

368 1132 ADEWUMI ABIMBOLA - X369 1133 FETLOCK NIGERI A LIMITED - -370 1146 OLANIYAN OLUWASEYI

OLUWATOYINX X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

371 1148 DEHINDE FAOSAT ADETUTU X -372 1149 LAWAL MARIAM OLAYIDE - X373 1151 ODERINDE CHRISTIAN

OLUWATOSIN- X

374 1152 OWO NNAMDI OKWUDILI CHUKWU

X -

375 1154 OWO OSEYEMI MARY X -376 1157 OLALEMI ISAAC ADELEKE - X377 1159 DIKE ODJUS X -378 1161 DIKE ESE OGHENE X -379 1165 CODEFUTURE INVESTMENT

LIMITED- X

380 1167 DEMARVIA INVESTMENT LIMITED - X381 1169 OGUNLEYE TOSIN X X382 1171 BABAJIDE FARMS LIMITED - X383 1172 OJOSIPE ROSALIND - X384 1173 OJOSIPE ADEDAYO BABATUNDE X X385 1174 ORETOYE MICHAEL ADEGBOYEGA - X386 1175 UCHE EJIKE - X387 1176 TAIWO DAVID OLADIPO - X388 1177 AKAN BASSEY ENENE X X389 1179 ADEYEMI MATTHEW OLANREWAJU - X390 1180 AGBOLA CATHRINE OLUSEUN - X391 1183 ASAKAH OLUCHI PRISCA - X392 1185 UDUMEBRAYE GERALD

OGHENEKAROX X

393 1186 UDUMEBRAYE DAMIAN OGHENETEJIRI

X X

394 1187 UDUMEBRAYE JESSICA ESE X X395 1188 UDUMEBRAYE MICHAEL OGHEN-

ERUKEVWEX X

396 1189 UDUMEBRAYE EDNA UFUOMA X X397 1191 UDUMEBRAYE JOHN-KAROL AROH X X398 1194 ESSIEN ROSEMARY X X399 1195 TARPUL RESOURCES NIGERIA

LIMITED- -

400 1197 UNUAJOHWOFIA MATTHEW OGHENEGUEKE

- X

401 1199 ONYEMEFOLU UCHECHUKWU BONA

- X

402 1201 POPOOLA OLUWATOYIN ASAKE - X403 1212 AFOLALU ABISOLA OLANREWAJU X X404 1213 OSHIN ABIOLA OWOLABI - X405 1214 ABDULLAHI AISHAT EBUN - X406 1216 ALIYU JUWARETU OHUNENE - X407 1222 YUSUF OLOLADE BILIKIS X X408 1223 YUSUF ABDULRASAK ADEOLA - X409 1228 JOSEPH AKINLOYE OJO - X410 1231 JONATHAN JOSEPH UGOCHUKWU - X411 1232 OBI CHINYELE CELESTINA - X412 1233 NTIAJU ERIC OGBONNA - X413 1237 UMAR IBRAHIM MANYAHAYA - X414 1238 IBIDUNMOYE OLADIPO FOLUSO - X415 1239 IROBI NOBLE CHINENYE - -416 1240 IROBI DAVID CHIKEZIRI - -417 1241 OGUNTOYINBO OLAMIDE MICHAEL - -418 1242 ELELU BOLAJI RAFIU - X419 1243 OWOLABI ABDULFATAI ENITAN - X420 1250 BOLU RONKE - X421 1251 OPEKE SEGUN KAYODE - X422 1256 ADEGOKE ADEKUNLE - X423 1257 ADENIJI ADEREMI - X424 1258 EZEALA OKEY - X425 1263 FALEYIMU OLOLADE MOPELOLA - X426 1268 OBEMBE OLAWALE X X427 1270 ODUNLAMI ABIOLA OLAYINKA - X428 1274 AKINBINU CYRIL ADENIYI - X429 1276 OGBOMO RICHARD - X430 1279 OPEGBEMI SAAC OLUWASANMI X X431 1282 OSHOJAH HARRIS SUNDAY X -432 1283 EDU OLAYEMI - X433 1285 AJAGBE ADEREMI OLAYINKA - X434 1286 PROPERTY AND PECUNIARY INS

BROKERSX X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

435 1288 ADENUGA FELIIX AKINDELE - X436 1292 EDET RICHARD E. - -437 1295 ATUONWU NANNA VICTOR - X438 1297 YOLA ABULMUMIN ADO - X439 1299 NMEKA OGEDINIRU NELSON - X440 1300 CHIBUZO-ONYEBUENYI CHIKA B. X X441 1360 ELELU OLADMEJI RASAQ - X442 1361 KATIBI AJIBIKE HABEEBAT - X443 1363 KAJOPAIYE ADERONKE ADEOLA X X444 1364 LAWAL OLAYIWOLA - X445 1365 LAWAL TAMILORE - X446 1366 LAWAL MOREWA - X447 1367 OLORUNSOLA FEYISAYO - X448 1368 OLORUNSUYI KHAFILAT X X449 1369 OLORUNSUYI OPEMIPO X X450 1370 ADEKOLA TEMILADE X X451 1371 BALOGUN SIDIKAT - X452 1372 BALOGUN ALABA - X453 1373 OLORUNSUYI JOHN - X454 1376 OLARINOYE ABIODUN - X455 1377 OLARINOYE KEHINDE - X456 1378 OLARINOYE SAHEED - X457 1379 WILLIAMS OLAYINKA IBIYEMI - X458 1382 HAVEN INVESTMENT & TRUST CO. - X459 1386 UNIVERSAL BUREAU SEERVICES

LIMITED- X

460 1391 OSIYEMI OLUWASEGUN ORIYOMI - X461 1393 ADESEMOWO ADEFOLARIN

OLAITANX X

462 1394 OKUNJEMIRUWA DEBORAH CHIDINMA

- X

463 1397 TUEDOR SISAN - -464 1403 MUHAMMAD MARYAM JAMEELAH - X465 1409 CHIAGOZIE ESSIENAWAN NNENNA - X466 1416 CHINAKA CHINONYE X X467 1420 ASHIRU-BALOGUN ADEOLA X X468 1422 NOFSON NIGERIA LIMITED - -469 1424 OLORUNFEMI OLUSEGUN X -470 1429 OKEREKE-ONYIUKE NDI - X471 1433 UME-EZEOKE CHUKWUNONSO

ANGELINAX X

472 1434 ESTATE OF ONYEKURU UZOMA HENRY

- X

473 1435 UDOM CHRISTIAN - X474 1436 SPRINGFOUNTAIN MANAGEMENT

CONSULTANTS LTD- X

475 1438 ADEWON FOLAJOYE OLUMIDE - X476 1441 JOHN ADEGOKE - X477 1442 BABARINSA OLATUNDE - X478 1450 APEX IT SERVICES LIMITED - -479 1454 SOYODE KIKELOLA OJUOLAPE - -480 1458 OMOSALEWA TEMIDAYO FAJOBI - X481 1459 AUGUSTA OGBON X X482 1462 BILLIE SHEHU SALISU - X483 1464 EZE VINCENET IFEANYI - X484 1465 AGBEBIYI ADELOLA TEMITOPE - X485 1468 ORAELOSI BENSON - -486 1475 MUSTAPHA OLAREWAJU SHITTU X X487 1486 CHUKWU CHIBUEZE ALOYSIUS - X488 1487 AKACHUKWU IHUARU UZUEGBU - X489 1488 FEYISITAN OLUFEMI OLUGBEGA - X490 1491 OMOKIDE KAMILU X X491 1494 ONABAJO LILY OLUBUKOLA - -492 1505 IDOWU OLAWALE EMMANUEL X X493 1506 AKPOMUDIARE AHANU CYNTHIA - X494 1526 ATTAHIRU SUWAIBA BAFARAWA - X495 1528 MASAUDA BAFARAWA - X496 1531 DICK-NWOKE UGORJI NNANNA X X497 1533 SULE AHMED ADESEGUN - X498 1534 AKANDE BUKY - X499 1541 KANU IKEDICHI OZOMENA - X500 1561 SONNIE AYERE - X501 1576 SADIQ BASHIR ABUBAKAR X -

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 9 5

Page 96: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

L I S T O F U N C L A I M E D D I V I D E N DS/N

O

ACCO

UNT N

O

NAME PYT 2

PYT 3

502 1584 UDOCHUKWU HAFFORD - X503 1586 ESENE ANTHONY EGBADON - X504 1592 MAXIMUM DATA LIMITED - X505 1593 BUKOL NIGERIA LIMITED - X506 1596 DANIEL ADEOYE - X507 1598 OMOIGUI MICHAELJESUROBO - X508 1601 J P NOMINEES LIMITED - X509 1608 BRIGGS IYOWUNA VICTOR - -510 1611 OLAWUYI MIKE S. - X511 1612 OLUMOLU OLUWASEYI SAMUEL - X512 1614 OSAKWUNI AUGUSTINA ONYEISHI - X513 1622 OGUNBIYI ADESOJI X X514 1623 ENECHE SYLVANUS - X515 1625 OKOTIE FRANKLIN - X516 1626 ITAH CELESTINE HARRY - X517 1627 ONYEOMA ENMMANUEL JUNIOR - X518 1628 UDOME BEATRICE CALLY - X519 1629 ONYEOMA JUDA KELECHI - X520 1630 FIRST TRUSTEES A/C OMOJOLA

FOLAX -

521 1635 FIRST TRUSTEES A/C OMOJOLA TOLUWALASE

X -

522 1641 FIRST TRUSTEES A/C OMOJOLA TOMI

X -

523 1655 FIRST TRUSTEES A/C BOLADE OJE X -524 1660 ABDULMUMIN IMAN & INTISAR - X525 1661 ABOLAJI ABOLANLE KAFAYAT X -526 1663 ABONYI EUPHEMIA OGECHUKWU - X527 1668 AFOLABI TABITHA ADUNOLA X X528 1672 ALI ABDULMUMIN - X529 1673 ALIGASIM ONYINYECHI - X530 1683 BUKOLA-AJETUNMOBI NGOZI - X531 1688 EKEJI CHIKA X -532 1689 SAMSON ELISHA - X533 1690 ORURUO ELOKA MILLICENT - X534 1691 ELUWA KELECHI OKEZIE - X535 1693 EZEMA CHUKWUEMEKA X X536 1697 OSO OLUWASOLABOMI MODUPE X X537 1698 FAROTIKA TOPE EBENEZER X X538 1699 GARBA-ALI FATIMA - X539 1705 INT’L URBAN KLEENERS LTD. - X540 1707 IYANDA TOLUWANI OGHENEOVO X -541 1708 IYANDA TEMILOLUWA OGH-

ENERUONAX -

542 1709 IZUORGU CHUKWUEMEKA OGEMDI

- X

543 1710 KAYODE OLUWATAMILORE AYODEJI SAMUEL

- X

544 1714 MEREM UCHECHUKWU - X545 1718 NWANNEMELU MARIAGORETTI - X546 1719 NWIGWE MARIA ONYEMA X X547 1720 NWOKOCHA GEORGE X X548 1722 MR OBEY OLUWAROPO - X549 1723 NDUAGUBA EDNAH ADAOBI X X550 1725 OGBONNA EMEKA CHIBUZO - X551 1728 OKONKWO PENINAH NNENNA - X552 1730 OKOYE BELINDA ADAOBI - X553 1731 OKWORI COMFORT - X554 1736 OMADHEBO HENRY - X555 1737 OROK KUFREITORO ANDEM - X556 1739 AHMED TEMITAYO OLUWAFEMI X X557 1741 ELAIHO OBI STELLA X X558 1743 MUODUMOGU CHINWE ANTHONIA X X559 1744 UGHAONU CHIDINMA JESSY - X560 1746 IDIKA UKPAI CHIBUZO - X561 1747 UNDELIKWO FRANCES NKECHI - X562 1748 UNUIGBOJE OJEIRU X X563 1749 UNUIGBOJE OMOIKHUDU X X564 1750 UNUIGBOJE EDORE X X565 1751 UNUIGBOJE OJE X X566 1752 AFOLABI OMOWUMI EUNICE X X567 1754 BUKO AZUKA MARGARETH - X568 1756 MGBEMERE BLESSING CHITURU - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

569 1757 AMEH MARY - X570 1768 ONYIA CHUKWUBUIKEM X X571 1769 AKUBUEZE CHARLES UGO-

CHUKWU- X

572 1774 ONWUBIKO UCHENNA KINGSLEY X X573 1779 OGUNKOYA YETUND TITILAYO - X574 1782 OAIKHENA EHIDIAMEN - X575 1783 SHOMOYE OLUBUKOLA MOJISOLA X X576 1786 NNOROM IHEOMA GEORGINA - X577 1787 MBAGWU ADINDU IKEMEFUNA X -578 1788 MBAGWU UCHENNA FELICIA X X579 1789 MBAGWU NWAMAKA NKE-

CHINYEREX X

580 1790 MBAGWU CHUKWUEMEKA IKEMEFUNA

X X

581 1791 MBAGWU ADAEZE NGOZICHUKWU X X582 1803 DR ROTZLER OLUKEMI

OLUMAYOWA- X

583 1804 DRMOLOVA GBOLAHAN NOIMOT - X584 1808 EBEANO SUPERMARKET - X585 1809 EBHODAGHE BLESSING - X586 1811 EBOH JUDE - X587 1815 EDEM UBONG BONNY - X588 1818 EGBARIN CHINYERE - X589 1819 EGBONU CHIDI - X590 1834 ADEGBOYEGA MICHAEL

OLUSEGUNX X

591 1835 ADEGBUYI TAJUDEEN TUNDE - X592 1836 ADEGOKE OLUSINA AMOS - X593 1837 ADEGUN MAYOWA DOLAPO - X594 1838 ADEGUNLE SUNKANMI AYODEJI - X595 1845 ADEKOYA OLUSOLA JULIUS X X596 1848 MRS ABERE REMILEKUN X X597 1854 ABDULLAHI BASHIR ANANGI X X598 1855 ABDULLAHI GUMEL JAMILA SANI X X599 1859 ABEEB PATIENCE I. - X600 1861 ABERE SIJIBOMI X X601 1862 ABIODUN A. ADEMOYE - X602 1864 ABISHAI VENTURES LIMITED - X603 1865 ABOLO PAUL CHUKWUWETA X X604 1868 ABUBADA SOKO TAMUNO - X605 1869 ADEKUNLE EMMANUEL OLUDAISI X X606 1870 ADEKUNLE KAYODE OLUFEMI X X607 1871 ADEKUNLE OYINLADE - X608 1872 ADELAJA ADEBOLA AYODEJI X X609 1873 ADELAKUN ADEDEJI WASIU - X610 1874 ADELEKE ADEBOLA - X611 1875 ADELEKE ADEGOKE AZEEZ - X612 1876 ADELEYE OLUGBENGA ABIODUN X X613 1877 ADELUSOLA MATTHEW GOKE - X614 1879 ADENIRANYE OLUFUNMILOLA

ABISOLA- X

615 1880 ADENIYI AKINTOYE - X616 1881 ADENIYI MOYOSORE ODUNOLA - X617 1882 ADEOGUN IYIOLA X X618 1884 ADEPARUSI ADEBAYO - X619 1893 ABUBAKAR ALIYU X X620 1896 ADADEVOH AMEYO STELLA - X621 1898 ADAMU CHIKA KOMA - X622 1900 ADEBAYO OLADIMEJI TAHIR X -623 1904 ADEBOBUYI DEBORAH O. - X624 1905 ADEDAYO M. OLAJUWON X X625 1906 ADEDEJI ETHAN ADEYEMI - X626 1907 ADEDIJI ISAAC OMOLOLU - -627 1913 ADEGBITE ADEDOTUN OLAWEPO - X628 1919 ADETULA BABATUNDE TIMOTHY - X629 1920 ADETUNJI ADEKOYA X -630 1921 ADETUNJI AKINFENWA MARTINS - X631 1922 ADETUNJI GRACE FOLAKEMI - X632 1923 ADEWUMI BABATUNDE JOSEPH X -633 1926 ADEYEMI EDNA X X634 1930 ADEYEMO ADE X -635 1932 ADEYERI SUNDAY OLUGBENGA X X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

636 1933 ADEYINKA OLADIPUPO X -637 1934 ADEYINKA OLUKOLAPO ROTIMI X -638 1935 ADEYINKA OLUROTIMI X -639 1938 ADIGUN OLAWUNMI JOSEPH - X640 1941 ADIOS GLOBAL CONCEPT - X641 1942 ADISA BABAJIDE ABASS - X642 1943 ADISA OLABISI TEMITOPE - X643 1944 ADUKWU SAMUEL EMMANUEL - X644 1953 AGBOLUAJE KABIR LAWAL X X645 1956 AGUSTO OLANDE ASHABI - -646 1959 AIGBODJE OVO X X647 1960 AIGBOKHAEVBO EBOSEREMEN - X648 1961 AIGBOKHAEVBO EFESEMOBOR - X649 1962 AIGBOKHAEVBO OSEDEBAMEN - X650 1963 AIGBOKHAEVBO REMEN

AIGBOKHAEVBO- X

651 1964 AIGBOKHAEVBO UDUEHI KINGSLEY

- X

652 1965 AIYERIN OYEDELE - X653 1967 AJAERO NGOZI VICTORIA - X654 1970 AJAYI ADEDIRAN GABRIEL X X655 1977 AJAYI OLANIYI OLALEKAN - X656 1980 AJAYI OLUWADARE ABIODUN - X657 1983 AJIBADE OLUNIYI ABOLADE - X658 1988 AJOSE-ADEOGUN OLUREMI X -659 1989 OWOLABI OLUFUNMILAYO

OYENIKE- X

660 1990 OWOLABI TUNDE AKINWUNMI - X661 1994 OYEFESO BABATUNDE OLAYINKA - X662 1999 OYELADE ABDULFATAI

OLUWASHINAX X

663 2000 OYENEKAN OLAJUMOKE DORCAS X X664 2001 OYENIYI TAIWO HASSAN X X665 2002 OYETADE OLUSAKIN ADELEKE - X666 2003 OYEWUMI AJIBIKE FADEKEMI - -667 2004 OYEYINKA ISAIAH KOLAWOLE - X668 2008 OZIOKO VINCENT - X669 2013 PASTOR LAWAL BOLADE - X670 2014 PATRICK NWACHI EHIOMA

LAURETTAX X

671 2015 PEACEFORT INVESTMENT LTD X X672 2017 PHIDO LILIAN IDEM X X673 2023 Q-TRIANGLE LTD. - X674 2024 QUADRI IMAAN IYADUNNI - X675 2025 RAJI MOMOHJIMOH ANAKOBE X X676 2030 ROBERT ADEDOKUN - X677 2032 ROMILUYI OLUFEMI E. &ABISOLA O. - X678 2033 ROTIS NIGERIA LTD - X679 2035 RUFAI AHMED MOHAMMED - X680 2036 RUFAI AWWAL MOHAMMED - X681 2037 RUFAI BABA MOHAMMED - X682 2038 RUFAI BILIKISU MOHAMMED - X683 2039 RUFAI SAKINA MOHAMMED - X684 2043 SALAWU KABIR OLANIYI - X685 2047 SANI MAHMOUD UMAR - X686 2048 SANNI DELE X X687 2049 SANNI TOYIN FOLASHADE - X688 2051 SCHEFFER LIMITED - X689 2052 SCHOOL KITS LIMITED X -690 2054 SEYE FEMI-GUREJE - X691 2055 SHEHU HALIMA MOHAMMED - X692 2063 TAIWO MOTUNRAYO OLUWATAYO X X693 2067 TAWOJU AZEEZ IDOWU - X694 2068 TELLA OLUWADAMILOLA - X695 2070 THE ARK CONSOLIDATED

INVESTMENTS- -

696 2072 THOMAS SANDRA - X697 2075 TIJANI SAIDAT ABIMBOLA - X698 2076 TIMEPLUS GLOBAL RESOURCES - X699 2079 TOLUHI OLATUBOSUN BONIFACE - X700 2080 TOPE A. OLADIPO - X701 2083 TOYFEM NIG. LIMITED - X702 2114 UCHENDU UJU FRANCISCA - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

703 2115 UDEMEZIE CHIKA EUPHEMIA X -704 2116 UDEMEZUE DAVID C/O CHIKA

UDEMEZUE- X

705 2122 UGURU UCHE EVANS - X706 2123 UKAGHA NGOZI X X707 2127 UKEGBU AZUBUIKE EMMANUEL X -708 2128 UKOH C. UCHECHUKWU - X709 2137 UME-EZEOKE CHUKWUNONSO

ANGELINA CX X

710 2139 UMEOZULU NOBERT IFEANYI - X711 2140 UMUKORO EDAFE OGHENEKENO - X712 2141 UMUKORO ONOME UFUOMA X X713 2149 VICTORIA OGUNDIRAN - X714 2150 VIGEO CAPITAL LTD - X715 2154 WAHAB DOSUNMU X X716 2156 WASIU FALADE X -717 2159 WAZIRI YANDAMAN ALIYU - X718 2162 WHITE JACOB P. - X719 2165 WILLIAMS JACOB OLUFEMI - X720 2168 WISEPATH TREASURES LTD - X721 2171 YAKUBU DANLADI - -722 2175 YUSUF AJADI AYODELE ZAINAB X X723 2176 YUSUF MOHAMMED OLUWASEUN X X724 2179 YUSUFF ISIAKA AKANJI - X725 2180 YUSUFF MUSIBAU MUHAMMED X -726 2183 AJOSE-ADEOGUN OLUYINKA X -727 2185 AKAEZE FEDELIS - X728 2187 AKAMELU OBIANUJU ADLINE X X729 2191 AKANDE MODUPE - X730 2195 AKINBISOLA AKINTAYO EBENEZER - X731 2196 AKINDE OLUDOTUN - X732 2197 AKINDEINDE ADEBAYO - X733 2200 AKINJOLE KEHINDE X X734 2201 AKINLABI BABALOLA ADEBOLA

NURAT- X

735 2202 AKINLABI YESIDE EBUNOLA MARY - X736 2205 AKINPELU AKINWALE - X737 2209 AKINTAYO AKINWUNMI ADEWUYI X -738 2212 AKINYEMI KOLA X X739 2213 AKINYEMI MUYIWA - -740 2214 AKINYOOLA MOSES AFOLABI - X741 2215 AKNIYEMI OLUJIDE ABIODUN - X742 2216 AKOSILE ADEGBOYEGA RAZAK X X743 2217 AKPAN OFONMBUK OKON - X744 2219 AKPUOGWU ANAEFUNA - X745 2220 AKPUOGWU MATHIAS - X746 2223 AKUMABOR IMUETINYAN VICTORIA X X747 2225 ALABI JERRY TUNSEYI - X748 2231 ALADE OLUWASEYI - X749 2235 ALASE OLORUNSOGO JULIUS - X750 2236 ASIMOLOWO BASHIR OLABAMIJI X -751 2239 ALICORN CAPITAL 1YMCQ1

PORTFOLIO- X

752 2248 AMEADAJI ILEMONA X X753 2249 AMEADAJI OJONE X X754 2250 AMEADAJI OJONUGA X X755 2251 AMINU ABDULHAMID AREMU - X756 2252 AMONIYAN OLUWADUROTIMI

OLADELEX X

757 2254 AMUND AYODEJI PAUL X X758 2256 ANGEL TOLUWANI F. C. X X759 2258 ANIFOWOSHE O. ADEOLA - X760 2260 ANIMASHAUN NIMATA OLAYINKA - X761 2264 ANTHONIA O. OLULEYE - X762 2265 ANYAEGBU CHUKWUDI MARCUS - X763 2266 ANYAELE NNENNA X X764 2267 ANYANWU BERNARD OBIDINMA - X765 2268 ANYANWU BUKOLA MARYAN - X766 2269 ANYANWU CHUKWUMA - X767 2270 ANYANWU NWAMAKA JOAN - X768 2274 ARINZE CHUKWUNONSO

BENNARD- X

769 2280 ARIWODO ABEL NDUBUISI - X

9 6 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 97: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

L I S T O F U N C L A I M E D D I V I D E N DS/N

O

ACCO

UNT N

O

NAME PYT 2

PYT 3

770 2281 AROGUNDADE WASIU ABAYOMI - X771 2282 AROWOSHOLA OLUFUNMILAYO

ADERINSOLAX X

772 2286 ASEIN BOLA FUNMILAYO X -773 2291 ASU ARCHIBONG UTONG X X774 2292 ASUBIOJO OLUWEMIMO COMFORT X X775 2296 ATOYEBI IBUKUN BABATUNDE - X776 2298 AWAH HELEN C/O CHIKA

UMEDEZIE- X

777 2299 AWOJOBI OLUSOJI A. IDOWU X X778 2301 AWONAIKE ADEDAMOLA

OLAOLUWA- X

779 2302 AWONAIKE ADEOLUWA OLU-WAPAMILERIN

- X

780 2304 AYALOGU ERIC - X781 2305 AYANDELE SUNDAY AYANTUNJI - X782 2307 AYEDIRAN FUNMILAYO X X783 2308 AYENI ALEXANDER X X784 2309 AYENI CHIDUM ULUNMA - X785 2311 AYENI OLORUNGBON DAVID X X786 2318 AYIYE MUHAMMAD IDRIS - X787 2319 AYO LAWANI - X788 2320 AYODELE-BAMISAYE AKINTAYO

OPEYEMI- X

789 2322 BABALOLA ADEBIMPE NURAT - X790 2324 BABALOLA AJOKE SUMAIYAH - X791 2325 BABALOLA JAMEELA

ONAOPEMIPO- X

792 2327 BABALOLA NASIRUDEEN OLU-WATOBILOBA

- X

793 2329 BABALOLA SUMAIYA OMONIYI - X794 2336 BADMOS MARGARET OLUBUNMI - X795 2337 BAFFA MUHAMMAD IDRIS - X796 2343 BAMGBOPA ABDULAZEEZ KAYODE X X797 2344 BAMGBOPA KEHINDE X X798 2345 BAMIGBETAN BAMIDELE - X799 2346 BAMIGBETAN DELE X X800 2347 BAMIGBETAN DOTUN X X801 2348 BAMIGBETAN KAYODE X X802 2349 BAMIGBETAN OLADOTUN - X803 2350 BAMIGBETAN OLUKAYODE X X804 2352 BANKING RESOURCES LIMITED - X805 2353 BAPPA INUWA MUHAMMAD - X806 2357 BELLO AISHA BABA - X807 2359 BELLO SUHAILA - X808 2360 BELOCHUKWU JOSEPH - X809 2361 BIMLAG PRIESTLY TRAIN

FOUNDATIONX X

810 2365 BRIGUE EBRUCE FLOREEN X X811 2366 BROWN IBIFUBARA - X812 2367 BROWN MARK - X813 2368 BURAIMOH STELLA OMONIKE - X814 2370 CATHEDRAL OF ST PETERS AKE - X815 2372 CHIJIOKE CHINEDUM - X816 2379 CHOKI TELESPHORE - X817 2381 CHUKWUEBUNI PATRISON X X818 2382 CHUKWUMERIJE CHUBY

NNAEDOZIEX -

819 2386 CORNERSTONE TRUSTEES A/C PETERS EMMANUEL OLULONIYIN

X X

820 2387 CORNERSTONE TRUSTEES A/C PETERS GRACE OLULAYO

- X

821 2388 CORNERSTONE TRUSTEES A/C PETERS JOSEPH OLUSEGUN

- X

822 2389 CORNERSTONE TRUSTEES A/C PETERS MOPELOLA OLUKEMI

- X

823 2390 CORNERSTONE TRUSTEES A/C PETERS OLUBUKUNMI

- X

824 2391 CORNERSTONE TRUSTEES A/C PETERS OLUSEUN JOSEPH

- X

825 2392 CORNERSTONE TRUSTEES A/C PETERS OLUWEMIMO TITILOPE

- X

826 2395 COUPLE-EBOH OGHENEAKPOBO FRANK

- X

827 2396 COUTROUPIS TINUOLA ADETORO - X828 2398 DADA OLUROPO OLUBODE X -

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

829 2399 DAIRO EMMANUEL - X830 2412 DELE-GIWA OLUFUNMILAYO X X831 2417 DIRIBE CHKWUDI CHINEDU - X832 2419 DOSUNMU AJIBIKE X X833 2422 DOYIN IFEDAYO X X834 2423 DR ADEPETUN ADEBAYO X X835 2424 DR ALALADE OLADAPO - X836 2425 DR AMOLE I IBIYINKA OLUSHOLA - X837 2426 DR ERIBAKE OYENUGA - X838 2435 EJARUNE BLESSING EUFOMA - X839 2437 EKEOGU BRIDGET X -840 2439 EKWENSI CHIGOZIE DORIS

JENNIFERX X

841 2446 IZOKUN STANLEY TUNDE - X842 2459 ETTEH ENOBONG - X843 2462 ADEMOSU OLASUPO - X844 2464 EWERE HENRY OGBEMUDIA X X845 2465 EWILEM EVELYN ELUAGWUNI - X846 2466 EYAM-OZUNG PATRICIA - X847 2467 EYITAYO COMFORT OLAJUMOKE - X848 2468 EYITAYO YUSUF OLAYIWOLA - X849 2470 EZEASOR CHIAMAKA FAVOUR X X850 2471 EZEASOR CHIEDOZIE BART-

HOLOMEW- X

851 2472 EZEASOR CHIOMA PRINCESS X X852 2473 EZEASOR ODINAKA AUGUSTA X X853 2475 EZEOBIORA EPHRAIM - X854 2476 EZEOKE FLORENCE ERIWUAKU X X855 2477 EZEOKE JOHN OBIAGBOSO X -856 2478 EZEOKE LAUREN NKIRU X X857 2479 EZEOKE MALACHY UCHE X X858 2484 FAGBAMIYE SEYE - X859 2488 FAJOBI OMOTOLANI - X860 2490 FAKUYIDE ADEYINKA - X861 2491 FALADE GABRIEL OJEDAPO - X862 2493 FALOWO TUBOSUN TOKUNBO X X863 2495 FAMUREWA ABAYOMI X X864 2502 FASEHUN FREDRICK - X865 2503 FASHOLA IBRAHIM BABALOLA - X866 2505 FATAYI WILLIAMS EYONO X -867 2506 FATOKI ADEKUNLE MICHAEL - X868 2511 FIVE STAR TRAVEL LIMITED - X869 2514 FRED OKA CHIDINMA THEODORAH - X870 2515 FUNKE ALOMOOLUWA - X871 2516 GABRIEL LABIJA - X872 2517 GAFAAR OLUSOLA OMOWUMI - X873 2518 GAMBARI IBRAHIM AGBOOLA - X874 2520 GAYA TIJANI USMAN - X875 2521 GBADEBO ADEYEMI - X876 2522 GBADEBO OLUWADEMILADE - X877 2526 GRACE ADEOLA OKORO - X878 2528 GURAMA ADAMU X X879 2538 HORNECKER DEBORAH JAN - X880 2543 IBRAHIM RABI - X881 2544 IBRAHIM TAIWO X X882 2547 IDOWU LOGILE - X883 2548 IDRIS FATIMA MUHAMMAD - X884 2549 IDRIS MUHAMMAD KHALID - X885 2550 IDRIS MUHAMMAD ZULAIHA - X886 2551 IDRIS NAZIR MUHAMMAD - X887 2553 IDRIS RAHAMA MUHAMMAD - X888 2554 IDRIS SANI MUHAMMAD - X889 2555 IDRIS SURAJO MUHAMMAD - X890 2569 IKEAGU CHINEDUM ONYENWEE - X891 2570 IKEDIOBI CHINONYE JULIET - X892 2571 IKELI TIMOTHY ONUORAH - X893 2572 IKE-UYANWUNE TOOCHUKWU

QUEENETH- X

894 2573 IKONTA IKENNA - X895 2574 IKPEAMA TOCHUKWU JOSHUA - X896 2575 IKPEKHIA GEORGE EHICHOYA - X897 2578 ILO UGOCHUKWU INNOCENT - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

898 2580 INSIDER CONCEPTS LIMITED - X899 2582 IRIOGBE THOMAS OMONZOKPIA X X900 2583 IRUEGHE IGWILOHI EWAOHI - X901 2585 ISAAC KENNETH - X902 2588 IWUOHA CHUKWUEMEKA

GABRIEL- X

903 2592 JAMES OSHIRAMA JOHN - X904 2595 JIBRIN BARAU SAMINU - X905 2598 JIMOH JAMIU BANKOLE - X906 2599 JOE-NWAGBO JASON CHINEDU X X907 2600 JOHNSON ADEBANKE ADE-

DUNMOLA- X

908 2601 JOHNSON ADEBIDOLA AYOMIDE - X909 2602 JOHNSON ADEYOSOLA MOJISOLA - X910 2603 JOHNSON BABATUNDE

OLUKAYODE- X

911 2604 JOHNSON EDWINA - X912 2605 JOHNSON OLASUPO BABALADE - X913 2606 JOLAPAMO KUDIRATU NIHINLOLA - X914 2609 JUNAID ADEYINKA - X915 2610 JUNAID OLUFUNKE ADEBIMPE X X916 2617 KAKA ADEYEMI AZEEZ - X917 2618 KALU AKUWA NJOKU - X918 2621 KANU DONALD X X919 2622 KAREEM KABEER - X920 2624 KARIEREN OLUWATOYIN ADENIKE - X921 2625 KARUNWI EREM YVONNE - X922 2634 KEHINDE DAVID OLALEYE X X923 2635 KEMI ADEYEMO - X924 2636 KEMI MOMOH X X925 2639 KINGSLEY NWABUEZE KENE-

CHUKWU- X

926 2640 KIRPSON OBINNA FC X X927 2641 KOLAWOLE O. ADEYEMI - X928 2642 KOLE-JAMES IFEOMA - X929 2646 KULANDAI SAMY VELANI X X930 2647 KURFI ABDULLAHI YUSUF - X931 2650 LADIPO OMORINSOLA - X932 2652 LAWAL OLANIYI KAZEEM - X933 2653 LAWAL SILIFAT IYABO X X934 2656 LEMORU OLATUNBOSUN O. X X935 2657 LEMORU OLUWAFEMI X X936 2663 MADU CHIOMA THERESA - X937 2667 MADUMELU GINIKA NNEAMAKA - X938 2668 MAFIMIDIWO ADENIYI BAMIDELE X X939 2670 MAHA IFEANYI ADA - X940 2672 MAIRO OKHAI X X941 2673 MAJEKODUNMI ABOLADE - X942 2676 MAKANJUOLA OLADAPO X -943 2677 MAKINDE JAMIU ALAO - X944 2678 MAKINDE JOSEPHINE TEMITOPE X -945 2686 MBADIWE AIRA X X946 2688 MBADIWE OGECHI ANITA - X947 2690 MEDUGU ZAKARI JOSHUA X -948 2699 MGBECHETA SAMUEL NTOM-

CHUKWUX X

949 2700 MGBECHETA STANLEY NNAEZIE X X950 2702 MICRO MARINE NIG. LTD. - X951 2704 MISS AKEREDOLU OMOBOLANLE X X952 2705 MISS AMALU ONA - X953 2706 MISS LAKISOKUN ADEJOKE

TEMITOPE- X

954 2707 MISS LAWAL OLUYEMISI HELEN - X955 2708 MISS OKEOWO MODUPE

IBUKUNOLUWAX X

956 2709 MISS OKEOWO OLAYINKA OLUWATOYIN

X X

957 2711 MISS OSINOWO FOLAJOMI OPEOLUWA

X X

958 2712 YOMI-JOHNSON OLUWATOMISIN SAMANTHA TAIWO

- X

959 2713 MODESTINO VENTURES LIMITED - X960 2715 MOHAMMED SALIU X X961 2718 MONICA A X -

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

962 2719 MORDI REGINALD CHIEDU - X963 2720 MR & MRS AKINDELE FESTUS

& OLUREMIX X

964 2723 MR ADARUGO OKEZI - X965 2724 MR ADEDAPO SIKIRU GBADEGA - X966 2726 MR ADEKUNLE ADETAYO ADEYEMI - X967 2727 MR ADEMOLU OLUFEMI X X968 2728 MR ADENIYI OLUSEGUN AYODELE X -969 2730 ADENUPEBI ADEBAYO CLEMENT

& OLUREMIX X

970 2731 MR ADEOSUN KAYODE LUCAS X X971 2738 MR AGUNBIADE DAWUD ADEBAYO X X972 2741 MR AKINDE ROTIMI DANIEL - X973 2742 MR AKINOLA MARTINS KOLAWOLE X X974 2743 MR AKINYEMI STEPHEN OLATUNJI X -975 2748 MR ANYAELE SAMUEL TIMOTHY X X976 2749 MR BOLAJI JOSEPH DAPO - X977 2751 MR BUKAR KYARI ABBA - X978 2752 MR DURUIKE ALEX - X979 2753 MR EDU MUZZAMMIL OLU-

WASIJIBOMIX X

980 2758 MR ESSIEN DOMINIC - X981 2762 MR IBIKUNLE AZEEZ OLAYINKA X X982 2763 MR IBITOWA NATHANIEL X X983 2764 MR IBRAHIM EMMANUEL UDIGA - X984 2768 MR IGBOANUGO OSITA HYGINUS X X985 2772 MR KOYEJO ADEYEMI X X986 2774 MR MADAMIDOLA AYINLA BASHIR X X987 2775 MR MICHAEL PRINCE UGO X X988 2776 MR NDIDI JOSEPH - X989 2777 MR NKEMERE OBIDIKE CHIMEZIE X X990 2778 MR NWAMU DANIEL NWACHUKWU - X991 2781 MR OGUNJIMI ABIODUN KASSIM - X992 2782 OGUNLESI FOLA - X993 2783 MR OGUNTADE GEORGE

MOROUNFOLU- X

994 2785 MR OGUNTOBI SAMSON OLUSEYI - X995 2786 MR OJENGBEDE ADESINA DAVID X X996 2788 MR OKEOWO GBOLADE OLUSEYI X X997 2789 MR OKI GODDY OGHENESEDE X X998 2791 MR OLOPADE ABIODUN ALABI - X999 2793 MR OLUYEMI OLAWALE DAVID X X1000 2795 MR OSUNTOKUN AKIN - X1001 2796 MR OTENIYA OLUMIDE GABRIEL - X1002 2798 MR ROJUGBOKAN ADEBAYO

OLORUNWA- X

1003 2800 MR SHAIBU SULEIMAN X -1004 2804 MR UMUKORO UFUOMA EDIRI X X1005 2805 MR USMAN MUSA - X1006 2806 YOMI-JOHNSON OLUWATOMIKI

SAMUEL KEHINDE- X

1007 2808 AGBEYI IDAHOSA - X1008 2809 MR/MRS DATONG ISHAKU/

COMFORTX -

1009 2811 MRS ADEJUWON ITUNU AYOBISI - X1010 2812 MRS ADEYELU LYNDA MEDINA - X1011 2815 MRS AGBEDAHUNSI ANNE

ABIMBOLAX X

1012 2816 MRS AKINLOYE YETUNDE OLAJUMOKE

- X

1013 2817 MRS AKWARAONWU AGNES IGANYA

- X

1014 2818 MRS CHOKI EBELE - X1015 2820 IGHO-OSAGIE PHILOMINA

AMENAGHAWOROX X

1016 2823 MRS JOHNSON FADERERA OLUREMI

- -

1017 2825 MRS OGUNLESI ELIZABETH - X1018 2830 MRS OLOPADE CATHERINE - X1019 2832 MRS OWOLABI ROSAMOND

IBIRONKE- -

1020 2833 MRS ROJUGBOKAN FOLASHADE OLUBUNMI

- X

1021 2840 MUHAMMAD HUSSAINI IDRIS - X1022 2843 MUSA ABUBAKAR ADAMU - X

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 9 7

Page 98: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

L I S T O F U N C L A I M E D D I V I D E N DS/N

O

ACCO

UNT N

O

NAME PYT 2

PYT 3

1023 2854 MUSA UMAR ADAMU - X1024 2855 MUSTAPHA BABAGANA SHUWA - X1025 2859 NDUKWE CHARLES - X1026 2861 NEDD ADEFOLAKE ADEFOPE - X1027 2864 NKECHI U. KALU - X1028 2867 NNANNAH CHINEDU JAMES - X1029 2870 NWADINOBI GODWIN CHIKAODIRI - X1030 2873 NWAMU GLORIA AYOMIKUN - X1031 2874 NWANERI CHINOMSO VICTORIA X X1032 2876 NWEBUBE NNAMDI OKECHUKWU - X1033 2877 NWEBUBE ONYEOMA C - X1034 2880 NWORAH ESTHER CHIDIEBERE - X1035 2886 OBADIAH GANDU TITUS - X1036 2887 OBASI CLARA ATAIGBUA - X1037 2889 OBEMBE OLUBUNMI - X1038 2893 OBIARAERI NNAEMEKA ONYEKA - X1039 2901 ESTATE OF ODEGBAMI OLATUNJI

ABIODUN- X

1040 2905 ODIELIH CHUKWUDI CHINEDUM - -1041 2906 ODIGWE OSAIHIEORIA U. - X1042 2907 ODIKPO FELIX ELUOJO - X1043 2909 ODOH ROBERT IHEANYICHUKWU X X1044 2910 ODOH SHEDRACK CHIEDOZIE - X1045 2914 ODUNAIYA OMOYOSOLA X -1046 2915 ODURUKWE FINECOUNTRY E. U. X -1047 2916 ODURUKWE OLUWATOSIN ESTHER X X1048 2921 ODUTOLA ADELANA - -1049 2929 OGBONNA NGOZI HELEN - X1050 2930 OGBONNIA-OKOYE ARINZE X -1051 2937 OGUNBANWO RAZAQ

OLANREWAJU- X

1052 2940 OGUNBONA OLUWASEUN - X1053 2941 OGUNDIJO ANNE OJOMA - X1054 2942 OGUNDIJO MUYIWA ABIODUN - X1055 2944 OGUNDIMU OREOLUWA

DAMILOLA- X

1056 2945 OGUNDIRAN JUNAID OLANIYI - X1057 2947 OGUNGBE OLATUNDE AYODEJI - X1058 2950 OGUNGBIRE JOHNSON KAYODE - X1059 2951 OGUNKO TOLUTOPE BRENDA X X1060 2952 OGUNKOYA OLUSANYA TAIWO X X1061 2955 OGUNSIPE BIDEMI ADEREMI - X1062 2957 OGUNTIMEHIN JOHN OLAWALE X -1063 2961 OHIOMOBA CAXTON OLUMIDE

OHIMAI- X

1064 2962 OIGBOCHIE LARRY - X1065 2967 OJEI CHUKWUMA DAVID - X1066 2969 OJELEYE BOLANLE ADEJOKE X X1067 2970 OJETUNDE SAMSON OLUGBENGA - X1068 2971 OJEWUYI JOSHUA - X1069 2975 OJO ADEPEJU ADEBISI X -1070 2976 OJO AYODELE JOSEPH - X1071 2977 OJO BLESSING OMOTAYO X X1072 2978 OJO CHARLES A - X1073 2982 OJO FRANCIS X -1074 2984 OJO OLUKUNLE OLUSEYI - X1075 2985 OJOAGO OGUCHE X -1076 2986 OJONIMI ANEDU X -1077 2989 OKAFOR OKECHUKWU FRANCIS - X1078 2990 OKAFOR PATRICIA AZUKA - X1079 2991 OKAFOR PAUL CHUKWUEMEKA - X1080 2992 OKAFOR RICHARD - X1081 2993 OKAFOR UCHE DOROTHY - X1082 2995 OKECHUKWU CHIDI JNR. - X1083 3000 OKEOWO OLAJUMOKE

OWUNOLUWAX X

1084 3003 OKEWOLE NIKE YEMI - X1085 3010 OKOKORO WILLIAMS - X1086 3012 OKON EDIDIONG RACHAEL - X1087 3013 OKON JEREMIAH - X1088 3015 OKORO NKECHI CAROLINE - X1089 3017 OKORODUDU ALEX OMATSEGUWA - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

1090 3018 OKOSUN SAMUEL AMEDU - X1091 3019 OKOYE AMAKA STELLA C/O

NWAGBO J.X X

1092 3021 OKPALA OBIJEKWU E - -1093 3022 OKPALAUGO PAULINUS

CHUKWUMA- X

1094 3023 OKUNBOR LOUSIA OBIAGELI - X1095 3033 OLAGBAJU BABATUNDE SAMUEL - X1096 3036 OLAJIDE OGUNSANLU OLUGUNWA - X1097 3043 OLANREWAJU SHEKONI X X1098 3044 OLAOJO BABATUNDE FEMI X X1099 3045 OLAOYE GHANDI - X1100 3047 OLAOYE OLAOLUWA ABIODUN - X1101 3048 OLAREWAJU OLAKUNLE YEMI - X1102 3057 OLAYINKA AJIBOLA ODUKOYA - X1103 3063 OLOJO OLUWAROTIMI ABAYOMI - X1104 3065 OLORUNFEMI OLUSIMBO X X1105 3067 OLOWO-OKERE MOPELOLA

OMOYENIX -

1106 3072 OLUFEMI HAMED - X1107 3077 OLUMIDE AJIBAWO - X1108 3086 OLUWAFEMI LAWRENCE ADETUNJI - X1109 3090 OLUWO FUNMILAYO BOLADE - X1110 3091 OMETORUWA IMUETINYAN

IGHIWIYISIX X

1111 3092 OMIDIJI JOSEPH OLATAYO - X1112 3093 OMIN BUGEWA UWOMAWNO - X1113 3099 OMOJUGHARE FAITH ELOHO - X1114 3102 OMOLOLU AJEDIRAN A - X1115 3103 OMOMIA LAURA OMONEGHO - X1116 3109 OMOTARA OLUFEMI X -1117 3113 OMOTESO MOFIYINFOLUWA

OMOTAYOX X

1118 3114 OMOTESO OMOLOLU OMOLOLA X X1119 3115 OMOTOLANI BAKARE - X1120 3117 ONABOWALE OLADIPO X X1121 3119 ONI BUSOLA CHRISTIANA - X1122 3124 ONIFADE JOSEPH AGBOOLA - X1123 3126 ONUEGBU GODWIN X X1124 3127 ONUMA KALU KALU X X1125 3131 ONWUAKPA CHIBUGOM

CHIEMERIEX X

1126 3134 ONYECHE CHIOMA CHINEDU X X1127 3136 ONYEJIAKA CAROL NNEOMA X -1128 3137 ONYEJIAKA CHIBUZO X -1129 3140 ONYEJIAKA DEBORA X -1130 3141 ONYEJIAKA DESTINY X -1131 3142 ONYEJIAKA EKEOMA X -1132 3144 ONYEJIAKA OKEY X -1133 3145 ONYEKA CHRISTIAN CHUKWUDUM - X1134 3146 ONYEKWERE CHIYERE CALLISTA - X1135 3148 OPARA GERTRUDE EBERE-

CHUKWUX X

1136 3149 OPARANOZIE CLARA IJEOMA - X1137 3150 OPURUM DANIEL CHIBUEZE X X1138 3151 OPUSUNJU AMONIA HARRIS - X1139 3154 ORIAHI BERNARD IBERU - X1140 3158 OROGE GLORIA URUEMU X X1141 3160 ORUPABO OLUBUNMI PATRICIA - X1142 3164 OSHO DOLAPO OPEYEMI - X1143 3171 OSIYEMI AGBOLADE BABATUNDE - X1144 3172 OSIYEMI FOLAKEMI FOLASADE - X1145 3174 OSUAGWU JOHNPIUS CHIMA - X1146 3175 OTAKORE CHARLES OGHEN-

ERUONA- X

1147 3176 OTU PROMISE X X1148 3177 OTUN OLABUNMI TEMITOPE - X1149 3179 OTUONYE VICTORIA - X1150 3180 OTUYALO ADETUTU X -1151 3199 ALO ISAAC - X1152 3209 SHUGABA RESOURCES NIG. LTD. - X1153 3216 SOLA BICKERSTETH - X1154 3222 SSUA INVEST. CO. LTD. X X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

1155 3226 STELLAMARIS NWAEHIKE - X1156 3227 STEVE AKINTOLA - X1157 3228 ADETUNJI ELISHA - X1158 3229 ADEGBOLA TITILOPE X -1159 3231 AGBAPU CHIDOZIE - X1160 3233 ASINOBI ONYEWUCHI CHIKEREM - -1161 3234 DR AKINOLA PETER - X1162 3235 DR KEWA SAMAILA MUSA - -1163 3236 FLOODGATE FIN. & SEC. LTD - X1164 3237 ALAO FRANCIS ADEYEMI - X1165 3238 IBIOK OWOIDIGHE UDO - X1166 3241 ADEMOWO ADEBOLA E. - X1167 3244 MR SULAIMAN TASIU KOLAWOLE - -1168 3246 OKEOWO OLUTOYIN OLAOLU - X1169 3249 OLATUNBODE ADEDAYO - -1170 3253 SOFELA ADEBOLA EMMANUEL - -1171 3254 THE ROCK TRUSTS LTD - X1172 3255 MR APOCHI AGADA BONIFACE - X1173 3257 OKON IDORENYIN ANDREW - -1174 3258 LAND OF PLENTY - -1175 3260 EKEH LEO-STAN - -1176 3261 EMEFIELE GODWIN IFEANYI - -1177 3262 IGBINAKENZUA EBOIGBE ELIAS - -1178 3264 MR AYENI KAYODE - -1179 3267 OLA GOKE - X1180 3268 OLA TUNJI - X1181 3269 PLURAL LTD - X1182 3273 OLOWOPOROKU TEMITOPE - X1183 3275 IBEKWE COLLINS OKWUCHUKWU - X1184 3276 SCHUBBS NIGERIA LIMITED - X1185 3277 OBI NDIBE - X1186 3278 BRIGHTHOUSE ESTATE LTD - X1187 3279 AJAEGBU CHIDI O - -1188 3281 AGBAPU BETHRAM - -1189 3282 CARDOSO OLAYEMI - -1190 3284 MR OLUMARTINS KAYODE - -1191 3289 GREENSPACE INVESTMENTS LTD - -1192 3292 NEXT INTER’L LTD. - X1193 3295 CORE TRUST & INVESTMENT LTD - -1194 3297 CTC GLOBAL VENTURES - -1195 3298 TRADERITE LIMITED - X1196 3301 ISRANI RAJAN - X1197 3303 ADOGIE ABDULRAHMAN

ALENOGHENA (SOW)X X

1198 3305 SMARTCITY RESORTS PLC - X1199 3307 ABDULKARIM TUKUR - X1200 3308 RUTH WASA - X1201 3310 OLAYINKA OLANIPEKUN M. - X1202 3311 G FOLAYAN - X1203 3312 ABIODUN E. ADENIYI - -1204 3314 MR ADEGBITE SAMUEL IGBAYILOLA - -1205 3315 ADEYEMI M ADENIYI - X1206 3317 PAPAI-AGUSTO&COMPANY LTD X -1207 3319 AKOMOLAFE LADIPO - X1208 3320 MR OLANIRAN YAYA ADISA & MRS

OLANIRAN REGINA MONILOLA- X

1209 3321 OGUNDERO OLUMIDE ADEMOLA - -1210 3324 ADH NOMINEES/ SALAUDEEN

OLADIMEJI ISMAIL- -

1211 3325 COLTROSS LTD - X1212 3326 EMGC NOMINEES - X1213 3327 KONAC INDUSTRIES LTD - X1214 3328 MR OWOLABI EMMANUEL

ADELEKE- X

1215 3329 SALAU BABATUNDE TAJUDEEN - -1216 3331 G. Q. SARITAN VENTURES LTD. - -1217 3332 L.A.PRO-SHARES LTD. - -1218 3334 ISRANI KARINA - X1219 3337 ADAMU VICTOR - X1220 3340 FRNL NOMINEE ACCOUNT X X1221 3341 ASSOCIATED ASSET MANAGERS

LIMITED- -

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

1222 3342 ADH NOMINEES LTD - -1223 3344 BABALOLA IBRAHIM REMI - X1224 3347 NWAIGBO ONYEBUCHI X X1225 3351 NWAKUDO ANAYO STANLEY X X1226 3352 ABUBAKAR ALIYU (22) - X1227 3353 UNA UDEME ARCHIBONG - X1228 3355 ORISAKWE PRINCEWILL

CHINONSO- X

1229 3358 EBEREONWU NKECHI STELLA - X1230 3359 ENEH PRAISEGOD ISIBUBE .C - X1231 3362 OBINWE ERIC CHUMA - X1232 3363 AGONSI LILIAN NKIRU - X1233 3364 OTOBO ODEZI FIDELIS X X1234 3365 ODIAZOR CHIGOZIE JOHNSON - X1235 3367 ADOLPHUS EBELECHUKWU

EZENWAX X

1236 3371 OKEKE ODILI MOSES - X1237 3373 IWUOHA MABEL X X1238 3374 OKECHUKWU JANET AMAKA X X1239 3375 EJIOFOR CHIDIOGO BENJAMIN - X1240 3376 NKACHUKWU OZOEMENAM

EMMANUELX X

1241 3377 OKOLI CHINEDU FRANCISCA X -1242 3380 MUOGHALU OBIORA NONSO X -1243 3382 NDUKWE GODWIN CHIBUEZE X -1244 3386 EKE DESMOND ONYEBUCHUKWU - X1245 3388 IFEMKPA CHUKWUDI CHUK-

WUEMEKA- X

1246 3390 CHIBUOGWU IJEOMA M X -1247 3393 INYANG ETIM QUEENETTE X X1248 3397 UMOH IME ITA X X1249 3398 OBIORA COSMAS AKATAEKWE DR - X1250 3399 UKPONG UKPONG S. - X1251 3400 OMEDE GLADYS X X1252 3401 OSAWOTA LUCKY X X1253 3402 OKORO AUGUSTINE EZE X X1254 3405 EREZI JESUOVIE LOUIS X X1255 3408 EREZI AJIRI ROXY X X1256 3409 EJOVI LAWERENCE EMUOBO - X1257 3411 ADEBUSOYE STEVE OLUWASEUN - X1258 3412 OFUYEKPONE STELLA ORAHARHE - X1259 3416 OMOBUDE UWA X X1260 3417 OJEH ANTHONY - X1261 3418 MULLAK TIMNAP - X1262 3424 EKUNDAYO MICHAEL OLU X -1263 3427 OGBUJIEZE ANSLEM-ZIXTON

OKECHUKWUX -

1264 3434 UKPEBOR OSAZELE ELIJAH X X1265 3435 OMIRINLEWO JONATHAN

OLUWASEUNX X

1266 3436 YOU-ON-ON ATIMANU BETEBEKEH X X1267 3437 MARY’S GROTTO FELLOWSHIP

(M.G.F.)X X

1268 3439 NWOKEDI CHUKWUDI MICHAEL - X1269 3444 EGBEYEMI FLORENCE O - X1270 3449 ADIRA AKISON X X1271 3451 OCHEME FELICIA - X1272 3453 ADERIBIGBE OLASILE MORUFF - X1273 3455 APATA ADEDAYO TOBA X X1274 3456 OLUMEKO DESTINY OLANIYI X X1275 3459 ABARI JOHN X -1276 3460 ABDURRAHMAN ABDULLAHI - X1277 3461 OLUNIYI OLAWUMI OLANIYI X X1278 3462 ANOSIKE ONYEMAUCHE JAPHET X X1279 3463 OKPO IFEOMA - X1280 3466 ANYALEWECHI SAMUEL

CHINONYEREM- X

1281 3469 ABUBAKAR AISHA IGE - X1282 3470 BASHIR FATIMA UMAR X X1283 3471 UMAR MUSA KURIGA - X1284 3472 CHUKWUMA PAUL NNODI X X1285 3474 BODUNDE OLUFUNMILAYO

AJIBOYEX -

1286 3475 YERO MANSUR UMAR X X

9 8 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 99: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

L I S T O F U N C L A I M E D D I V I D E N DS/N

O

ACCO

UNT N

O

NAME PYT 2

PYT 3

1287 3476 UMAR BASHIR UMAR X X1288 3477 ADAMU ALIYU PAKI X X1289 3480 SULEIMAN MARYAM - X1290 3482 AKOK MICHAEL - X1291 3487 ONUBAH FRANCIS KENNETH - X1292 3488 ABDULLAHI ABDULKADIR ALHAJI X X1293 3490 HUSSAINI IBRAHIM - X1294 3492 ASUA JACOB IORKOHOL - X1295 3493 IKANI ANDREW EDEBO X X1296 3494 STEPHEN ROPO ASALA X -1297 3496 ANASONYE ANDREW - X1298 3497 ADAMS NAZEEF UMAR X X1299 3499 YAKASAI MURTALA AMINU X X1300 3501 GAMBO AHMAD SULAIMAN X -1301 3505 IBRAHIM ASIYA MOHAMMED X -1302 3508 UMAR SAMMANI IBRAHIM - X1303 3509 AHMAD ABDUKADIR X -1304 3510 ISYAKU ABUBAKAR KANKIA - X1305 3511 BALARABE LAWAL HALIMATU X X1306 3514 TUKUR MOHAMMED - X1307 3525 DD INTEGRATED INVESTMENT

SERVICES LTD- -

1308 3527 ELUEHIKE CELESTINE X X1309 3528 EDUN NGOZI ROSEMARIE X -1310 3529 EHIRIM LOVE - X1311 3532 EGBULEFU DENNIS OBINNA X X1312 3533 EGBO AMAECHI X -1313 3534 EFUNBAJO SUNDAY ISAAC - X1314 3537 DE-CANON INV.-TRADED-

STOCK-A/CX -

1315 3538 EKE CLINTON NNAMDI X X1316 3539 EDEM ASUQUO EDET - X1317 3541 EHIRIM ELISHA - X1318 3542 ECHIEGBUE UZOMA ISAAC - X1319 3543 DOKUBO TONYE THEOPHILUS - -1320 3545 GIWA-OSAGIE HELEN X X1321 3546 EVO NNANA SAMSON X X1322 3552 GOMES S. E. ADEBOWALE X X1323 3554 GLOBAL ASSET MGT. LTD-TRADED-

STOCK-A/C- -

1324 3556 GIWA OLUFOLAKEMI OLUFOLARIN X X1325 3557 GILDASSET MANAGEMENT - -1326 3559 GETINUEL INVESTMENT LTD - X1327 3567 UMAR DANJUMA DANGABAS X X1328 3569 UJU SHARON NDIDI - X1329 3573 IHEJIRIKA ESTHER CHIDINMA X X1330 3576 IFEYEWA CLUB OF NIGERIA X X1331 3579 IBRAHIM ANJI YUNUSA - X1332 3582 IHEJIRIKA JUSTUS AKUJOBI X X1333 3589 ERIH VANESSA X -1334 3592 ERIH OINE X -1335 3594 ERIH ESEBOMA X -1336 3595 ERIH DAVID JNR X -1337 3597 ENWERE ATHANASIUS

CHUKWUMA- X

1338 3601 ERIH SANFORD A X -1339 3602 FAMILONI OLUFUNKE OMOLAYO - X1340 3604 FOLARIN SEGUN TOPE - X1341 3606 FINNIH KOLAWOLE LATEEF - X1342 3612 EZEJA IGNATIUS ODO - X1343 3617 FABIYI MICHAEL TAIWO X X1344 3622 ADIGUN OLAWUNMI ALADEKOMO X X1345 3623 ADESHINA BOLA X X1346 3625 AGIAMA OGHENEFEJIRO ANITA - X1347 3628 AGBOKE SHAMSIDEEN TUNDE - X1348 3629 AGBOGO VANESSA O. X -1349 3630 AGADA SOLOMON AGADA X X1350 3634 AGWU CHUKWUEMEKA KALU X X1351 3635 ADIGUN ABIODUN OLALEKAN - X1352 3636 ADEYEMO OLUSEGUN JOSEPH - X1353 3637 ADEYEMI TAIWO RAHMAN X X1354 3638 ADEYEMI LATEEF ADESOLA - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

1355 3641 ADETAYO SOLOMON TUNDE X -1356 3644 AYODELE OLUSEGUN X X1357 3647 AKINRELE MARSHALL OLATUNDE - X1358 3650 AKINKUNMI ADEBAYO TAIWO X X1359 3651 AKINJOLA OLUGBENGA X X1360 3653 AKINBOBOYE FRANCIS TAIWO X -1361 3655 AKEREDOLU-ALE AKINSOLA X -1362 3657 AKANO OLASUMBO AKINTAYO - -1363 3659 AKA HAKEEM OLAWALE X -1364 3662 AJAYI BISOLA ADENIKE - X1365 3663 AJAYI BABATUNDE X X1366 3668 AIGBODION SUNDAY JOSEPH - X1367 3669 AKEANYA CYTHIA X -1368 3672 ADEBESIN ADEOLA RAHAMAN X X1369 3675 ADEBAMBO ABAYOMI X X1370 3676 ADEAGBO ADEBOWALE

MUYIDEENX X

1371 3681 ABIODUN YACOOB A. X -1372 3682 ADEBO VICTOR ESECHE X X1373 3683 ABIMBOLA OLAWALE SUNDAY - X1374 3686 ABEREFA ADEBAYO JAMES - X1375 3689 ABDULLAHI MARIAM KEMI - X1376 3696 ADESALU SHAKIRUDEEN

ADEKUNLE- X

1377 3697 ADEOYE FREDRICK X X1378 3698 ADEOGUN JULIANAH YEMISI X -1379 3699 ADEOGUN JANET OLASUNBO - X1380 3700 ADENUGA OLUDAYO ADERONKE - X1381 3701 ADENUGA OLATUNJI PETER X -1382 3706 AKINSUNMADE AKINTOYE

OLUKAYODEX -

1383 3708 ADEKOYA OLUMIDE ADEMOLA X -1384 3710 ADEJINMI OLADOYIN JANET X X1385 3713 ADEDEJI EMMANUEL ADEKOLA - X1386 3721 BAMIGBOJE BEATRICE X -1387 3725 UNOKA OLUWATOYIN OBIAGELI - X1388 3727 AYINLA RALIAT ABIKE - X1389 3728 BELLO NURA MUHAMMED X X1390 3729 AYELE PATRICK ILOBA X X1391 3733 AWOSANYA WASIU OLALEKAN X -1392 3735 ATTAH OGOCHUKWU X X1393 3737 ATOGWE IMONE JOHN X -1394 3739 ASUQUO EDET EDEM - X1395 3740 ASHIRU IDOWU BASHIRU X X1396 3741 AYINDE OLUBUKOLA ADEOLA - X1397 3742 CHIGBU KINGSLEY NDUBUSI X X1398 3750 COLLINS IBEKWE X X1399 3751 CHUMPYPLANET ENT. & GEN.

MERCHANISEX X

1400 3753 CHUKWUJINDU IZUCHUKWU NDUBISI

- X

1401 3759 CACTEDIB VENTURES - X1402 3760 BUKBEE ‘N’ J LIMITED X X1403 3761 BUHARI SULE X -1404 3762 BRISKILA JAMES - X1405 3765 CHUKWUMA ONYEWUCHI STELLA - X1406 3766 AKUE FRANCA - X1407 3769 ALAWIYE HANNAH OLU-

WAREMILEKUN- X

1408 3771 ALAMUTU IMRAN YUSUF - X1409 3772 ALAJA-BROWNE FOLAYEMI X X1410 3777 ALABARAONYE KELECHI X X1411 3778 ALLO ABIOLA X -1412 3780 AKPABIO UDUAK MATTHEW - X1413 3781 AKOSILE OLUYEMISI OMOWUNMI - X1414 3782 AKINYEMI KEHINDE X X1415 3783 AKINYEMI IBIYEMI X X1416 3784 AKINYELE TAJUDEEN AKINTOYE - X1417 3785 AKINWALE TINUOLA MARIA - X1418 3789 ALABI OLADELE ADEBIYI - -1419 3791 AKINSANYA AYOWUNMI JULIANA X X1420 3792 ARIYOH RILWAN ABIODUN X X1421 3796 AREMU FOLAKE THERESA X X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

1422 3798 ANUUWA UCHECHUKWU CHUKWUDI

X -

1423 3799 ANUFORO IBE X X1424 3800 ANOKE NNANNA JOHN - X1425 3801 ALFRED DELE DAMILOLA X -1426 3803 ALIGO CHINEDU VINCENT X X1427 3805 AMAO ABDUL - RASAQ OWOLABI X X1428 3806 AMAMA JACOB CHINEDUM - X1429 3808 AMADI SEBASTINE EJIOFOR - X1430 3809 ALOBA OLASUPO OLUWASEYE X X1431 3810 ALOBA OLAKUNLE OLASUNKANMI

OLALEKAN- X

1432 3811 ALLO RASHEEDAY X X1433 3812 ALLO MORONKEJI X X1434 3813 ASALU SAMSON X -1435 3815 OLAWUYI OLUSEGUN MICHAEL - -1436 3816 OLUWABIYI AANUOLUWA - X1437 3818 OLURINDE DAVID MORAKINYO - X1438 3819 OLUBAJO TEMITOPE OLUTOTIN X -1439 3823 OLOGBENLA BENJAMIN ADEROJU - X1440 3824 OLALEYE WURAOLA X -1441 3827 OLAWUYI SILIFAT FUNMI - X1442 3828 OLAWALE OLALEKAN TAIWO X X1443 3832 OLANREWAJU YUSUF MOHAMMED - X1444 3833 OLANREWAJU OLUGBENGA SEUN X X1445 3834 OLANIYAN O. OLAYINKA - X1446 3838 OGUNJIRIN ADEYINKA

OLORUNFEMI- X

1447 3841 ONYEMA SUNNY AZUBUIKE X -1448 3842 ONYEJELEM HENRY ONYINYE X -1449 3843 ONWUNANZO PETER UCHENNA - X1450 3846 ONOWUGBEDA JOSEPH X X1451 3849 OLUWABIYI OOREOLUWA - X1452 3854 OMONZOKPIA CHRISTIAN OSAI - X1453 3855 OMOKUNGBE TEMITOPE

ADEWUNMI- X

1454 3856 OMIWOLE OLUSEGUN X X1455 3858 OLALEMI OLUWASEUN JOSHUA X X1456 3860 OGUNSOLA JOSEPH TEMIDARA O - X1457 3861 OKEBUGWU CHRISTIAN NNAMDI X X1458 3862 OKANLAWON TAIWO USMAN X X1459 3864 OKAFOR CHINYERE MAUREEN - X1460 3865 OJO SAMUEL ADEOYA - X1461 3869 OLANIYAN ADEREMI - X1462 3873 OGUNNUBI ROBERTS X X1463 3885 OLADIPUPO SUNDAY ANTHONY - X1464 3886 OLADIPUPO JOHNSON KAYODE X -1465 3887 OLADEINDE OYINKAN - X1466 3891 OKPETUE CHUKWUDI X X1467 3894 OKEGBUE NZERIBE SUNDAY - X1468 3896 OKOYE NGOZI JOSEPHINE - X1469 3897 OKOLOKO EBRUBA JOHN X X1470 3898 OKOAKIH AWELE ABISOLA - -1471 3901 OKEKE SCHOLASTICA N X X1472 3907 SUKINET INTERFACE TECHNOLOGY - X1473 3908 ST.JOSEPH’S ANG. CHURCH

WILMER- X

1474 3909 SOYOMBO VICTOR OPE-ODU - X1475 3911 SONDE BOSEDE ADENIKE - X1476 3912 SOLEYE ADEYEMO OLADAPO - X1477 3916 TAIWO ADEKUNLE FATAI X X1478 3919 SHODIPO IDOWU NIYI X X1479 3920 SHOBAYO OLAKUNLE STEPHEN X -1480 3921 SHITTA OLUFOLAKE ANIFATU - X1481 3923 SHADA TOLULOPE X X1482 3924 SHABAYO FOLAKEMI X -1483 3925 OPALUWA YAKUBU - X1484 3928 UGOCHUKWU DICKSON NDUBUISI - X1485 3929 UGHEOKE EMMANUEL EMAMHOT - X1486 3931 UDOH ALMOND OKON X X1487 3933 TUWATIMI AUSTINE OLU-

WAGBENGA- X

1488 3937 TABUGBO MICHAEL OBIORA - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

1489 3940 THOMAS NANSOH - X1490 3945 TEJUOSO BOLAJI OMODEINDE X -1491 3947 TAIWO JOSEPH ADEKUNLE X X1492 3950 OTOH PAUL NGOZI X -1493 3951 OYELEKE TAIWO MODUPE - X1494 3953 OWOLABI SEGUN KAYODE X X1495 3954 OWOLABI ENOCH AYOBAMI X X1496 3962 OTIONO OBIAGELI THECMA - X1497 3964 OTIOCHA AMARAHI - X1498 3965 OSUAGWU INNOCENT - X1499 3966 OSIYEMI OLAKUNLE - X1500 3969 OSANYINLUSI GEORGE EGBEBI X -1501 3974 SANI MUHAMMAD AMINU - X1502 3977 SALIU OLUSEGUN SAHEED A. X X1503 3978 SALAMI ADESOLA SURAJUDEEN - -1504 3979 RUFUS OLUSEGUN TEMIDAYO X X1505 3981 RENIQUES DEZIGN - X1506 3986 PYRAMID SECURITIES LIMITED - X1507 3990 PRATT OLATUNDE YEKINI - X1508 3995 LAWAL ISIAKA OLATUNDE X X1509 3998 MAJEKODUNMI OLADIPUPO O - X1510 4004 KAREEM MODINAT OLAYEMI - X1511 4005 LAWAL KAYODE AKINTOLA - X1512 4012 KOLA-BANKOLE AYOOLUWA - X1513 4013 KELECHI ANYANWU X X1514 4014 KAYODE OLAMILEKAN PAUL - X1515 4015 NNAMDI INNOCENT OKWUDILI - X1516 4017 MOT OLAYIWOLA TOBUN - X1517 4018 NNAEBUE CHINWENDU EDITH X X1518 4020 NNACHEBE DANIEL UCHE-

CHUKWU- X

1519 4025 MUSBAU SULAIMAN AKANJI - X1520 4026 MUDASHIRU WAIDI KAYODE X X1521 4029 MBAWUIKE VINCENT CHIDIEBERE - X1522 4032 MOHAMMED SUFIYAN

MOHAMMED- X

1523 4034 MOHAMMED BALA YARGOJE - X1524 4036 OKEAGU CHIJIOKE X X1525 4037 MENE ESTHER USIMEN X X1526 4040 YUSUF SURAJUDEEN ADENRELE - X1527 4044 ILOUNO VERONICA AKUKANANWA - X1528 4046 UGOCHUKWU GEORGELINE

ONYEKACHI- X

1529 4049 KARUNWI ABISADE MOSOBALAJE - X1530 4050 YUSUFF AZEEZ X X1531 4052 YUSUF RAMOTA AMOKE X X1532 4056 WASIU ADEWALE AZEEZ X -1533 4059 UZOZIE ROSELINE CHIOMA X X1534 4062 IZE-IYAMU FRANCIS - -1535 4064 KADRI SEGUN SURAJUDEEN - X1536 4065 JUNAID SIKIRU AREMU

KASHIMAWO- X

1537 4066 JONGO RICHARD LAPAGHA - X1538 4067 JOHN OLADEJI VICTOR X X1539 4068 JOHN NGOZI EMENIKE X X1540 4072 INNOENT C. IGWE - X1541 4076 IWU ODINAKA INNOCENT X -1542 4079 ITF AJEDIRAN INIOLUWA OLU-

WAFEYISAYOX X

1543 4080 ITEGBOJE SOLOMON X -1544 4082 ISIAKPONA DENNIS OGE - X1545 4083 MOHAMMED ADEREMI ISIAKA - X1546 4085 OGUNDARE RACHEL WALEOLA - X1547 4088 OBASA DAVID ROTIMI - X1548 4090 OBENDE ONAWUREYI OLAYEMI - X1549 4093 OGUNDARE HELEN OLUFUN-

MILAYO- X

1550 4094 OBI FRANCIS CHUKWUMA - X1551 4096 OBIKWERE JOY JUSTINA X X1552 4097 ODINDE DUKE CHUKUDI X -1553 4098 ODUSANYA OLUFUNMILAYO

ADESHOLAX X

1554 4100 ODEJIMI OLUTOSIN X -

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 9 9

Page 100: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

L I S T O F U N C L A I M E D D I V I D E N DS/N

O

ACCO

UNT N

O

NAME PYT 2

PYT 3

1555 4103 OGUNDARE MOBOLAJI OPEOLU - X1556 4105 ODAFIN SANDRA O - X1557 4106 OGUNDARE OLUFEMI OLUSOLA - X1558 4109 OBIAGWU SAMUEL CHUKWUMA X X1559 4112 OGUEZUMA JACK DONATUS X X1560 4114 OGINNI AYODELE NATHANIEL X X1561 4115 OGUNGBE FEYI - X1562 4116 NWACHUKWU BENSON

OKEYCHUKWUX -

1563 4117 NWACHUKWU JUDE CHIBUZOR X -1564 4118 NWAEME TEMITOPE OWOWUNMI X X1565 4122 OGIEVA VINCENT SUNDAY X X1566 4130 OGBECHIE NYEMIKE - X1567 4132 ODUYEBO NURUDEEN ALOWONLE X -1568 4134 ODUSOLA MONSURAT ABOSEDE - X1569 4136 NWAGBO EMMANUEL E. X -1570 4145 OLADELE AKEEM OLATUNBOSUN X X1571 4146 OLADAPO OLANIYI JOSHUA X -1572 4147 ONI OLUWASEUN ISAAC X X1573 4149 AWONUSI EYITAYO SAMUEL X -1574 4150 OLASENI OLUWATOSIN SOLA X -1575 4153 ORIMOLADE EMMANUEL OLUMIDE X -1576 4156 IKUJINI OLUSOLA MONDAY X -1577 4161 ADESUYAN OLUWEHINMI JOHN - X1578 4162 SANNI LATEEF OLADIMEJI - X1579 4163 FADEYI AYOOLA - X1580 4164 OLUBODUN OLUWAKEMI - X1581 4165 BAMGBOYE YOMI OLUWASEUN X X1582 4166 SODIMU OYENIYI OLUWASEUN X X1583 4167 MAYALEEKE SHEEREF AFOLALOLA - X1584 4168 SONAIKE IFAMAJENTE SEUN X -1585 4169 ALEEM ABOLADE MUSAFIU - X1586 4173 ALO MATTHEW ONI - X1587 4174 OKEBUNMI KAMORUDEEEN - X1588 4175 BUSARI SULEIMAN OPELOYERU X X1589 4176 AWODERU OLUWOLE X X1590 4178 FATOKI LATEEFAT ABISOLA X X1591 4179 OLADELE BISOLA YEMISI 2 X X1592 4180 KUPONIYI OPEYEMI TEMITOLA X X1593 4182 AGARAWU KUDIRAT ADERONKE X X1594 4183 ADEYI OLUSOLA - X1595 4185 OLUBUNMI BABATUNDE GBADEBO X X1596 4186 ELUWOLE OLASUNKANMI

ADEWALEX -

1597 4187 ADEREMI ISAAC ADENIYI X -1598 4192 SHODUNKE OLUSOLA X X1599 4193 ADEKUNLE TEMITOPE ALBERT X X1600 4199 OLAJIDE KOLE X X1601 4200 OLAIYA ABIOLA ELIZABETH X X1602 4202 ADIO ADEMOLA ALEXANDER X X1603 4203 OLADIMEJI RILWAN ATANDA X X1604 4207 DYNAMIC ADONAI COOPERATIVE

SOCIETYX X

1605 4213 OGUNGBE JIJOHO AYOSUNMOLE X X1606 4214 BIOKO BINAEBI NANCY - X1607 4215 AJUGA BEDE CHIDIEBERE X -1608 4218 IDONIBOYE INYE B. X X1609 4221 SALAMI ESTHER BUKKY OLABISI X X1610 4223 SIBANI CLIFFORD MEESUA X X1611 4224 OGBENI KINSLEY I. X X1612 4227 KOKO AISHATU SHEHU - X1613 4228 BELLO KOKO SHEHU MOHAMMED - X1614 4230 MUHAMMAD TIJJANI X X1615 4232 EDWARD HELEN X X1616 4244 EZIUZO CHIBUZO NZUBE - X1617 4247 AKWARANDU NGOZI PAULINE - X1618 4248 NNAMANI STANLEY OKONKWO X X1619 4249 OKOYE IFEANACHO KIZITO X X1620 4250 DURU KINGSLEY ONYEABU - X1621 4254 EBEREONWU NKECHI STELLA - X1622 4256 ADAMU BITRUS X X1623 4257 MAMMAN ELI - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

1624 4262 ALOH ALEXANDER CHINEDU - X1625 4264 IFEANYI AMAECHI DILLIBE X X1626 4265 EHIOGHIREN A. IKPONMWOSA X X1627 4266 EDOMWONYI OGHOSANOR X X1628 4267 ADEDIPE EZEKIEL OLUFEMI - X1629 4271 LAAH THOMAS GAMBO - X1630 4273 GUNDU SESUGH PETER X X1631 4277 YARIMA FATIMA HAMZA - X1632 4279 BELLO ABIOLA HANNAH X -1633 4280 ZARMA NANAFATIMA AJIYA - X1634 4282 BABA-MANU RUKAYYATU X X1635 4283 JATAU NUHU BAWA - X1636 4286 ABBAS HABIBA X X1637 4288 METCHO MUHAMMAD UMAR X X1638 4289 AYUBA ALIYU - X1639 4290 ABBA BASHIR JAYE - X1640 4291 YUSHAU MUAZU HAJIYA ZUWAIRA - X1641 4292 IGE SAMSON AYO - X1642 4298 SA’AD ABDUL ZAKIRAI X X1643 4300 BUBA GWARY HAJARA X X1644 4302 AUDU MONDAY HAPPINESS X X1645 4307 EGBUNA PRISCA NNENNE - X1646 4308 EKANEM ENO OBONG JANE - X1647 4309 EBUEKU EHIMWENNA TOYIN

MARY- X

1648 4315 EBUEKU ISOKEN ANU LYNDA - X1649 4316 EJIMOKUN OLANREWAJU

OLAMILEKANX X

1650 4320 IBRAHIM MUSA - X1651 4327 HAMZAT NURUDEEN OLATUNJI - X1652 4328 HAMMED LUKMAN OLADIMEJI - X1653 4332 GANIYU-RAMONI SADIAT OYENIKE X X1654 4333 FASINA OLUWATOSIN MICHAEL - X1655 4334 FANIYI ABAYOMI BABATUNDE - X1656 4337 EZEBUIKE DANIEL ILOAMAEKWU X X1657 4342 ESSANGENYI EDET EDET X X1658 4343 ESARA JAMES X X1659 4353 AKPORUGO JOEL PRESTON EJAIFE - X1660 4356 ALAO EMMANUEL SEGUN X X1661 4357 ALI A. A. - -1662 4359 AMOKE ONYEBUCHI EMMANUEL - X1663 4365 ADIO ARUNA ABIOLA X -1664 4366 ADISA HAMMED OLANREWAJU X X1665 4369 ESTATE OF AFOLABI MURITALA

ABIOLA- X

1666 4372 ASUNMO RASAQ AJAYI 2 X X1667 4375 AIMS ACHIEVERS CONSULTING LTD X -1668 4376 AIRA TECHNOLOGIES LTD - X1669 4379 AKAM GEOFFREY X -1670 4380 AGBOOLA RAPHAEL AYOOLA X -1671 4384 BOLAJI MUSTAPHA TUNDE - X1672 4396 DOCAAI NIG LIMITED - X1673 4398 BUSARI AKEEM OLATUNJI - X1674 4399 BABA-MANU MARYAM X X1675 4402 AVROSYN IMPEX LIMITED X X1676 4403 AWAZIE NDUBUISI CHUWUNYERE X X1677 4404 AWOTIWON BOLUWATIFE DAVID - X1678 4405 AWOTIWON OLUWAPAMILERIN

OLADAPO- X

1679 4407 BASIC POWER PRODUCTS LTD X -1680 4410 BABFAL NIG LTD X X1681 4412 BALOGUN Y. - X1682 4416 ASOR CHARLES ONYEKA - X1683 4417 AYAYA EMMANUEL - X1684 4418 OWOLABI KEHINDE KABIR X X1685 4423 OTIOCHA KELECHI - X1686 4424 OTIOCHA MMESOOMA - X1687 4428 OWOLABI TAIWO ADEMOLA X X1688 4430 OYEWOLE OLUDELE A - X1689 4431 OYEWUNMI OBAFEMI RUFUS - X1690 4433 IKWUAGWU ELEKWACHI X X1691 4434 OTIOCHA ONYINYECHI - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

1692 4435 ONWUSAKA JANE EVERBRIGHT - X1693 4436 OLUSESI OMOSANYA ADEWUNMI - X1694 4439 OMAKA EMMANUEL N. X X1695 4442 OSHIN ADESOLA AYINKE X -1696 4450 OPEYEMI ADEYINKA - X1697 4451 ONANUGA FOLASHADE OLUFEMI - X1698 4453 PAUL OKEZIE SOLOMON - X1699 4454 UDEBUANI CLETUS OKWU-

CHUKWUX X

1700 4456 UGOH ODIGWE BENNY - X1701 4459 TUNA ASSET MANAGEMENT

SERVICES- X

1702 4461 TOHIR FOLORUNSHO ISMAILA - X1703 4462 UWONWA RAPHEAL U. X X1704 4465 YAKUBU HALIMAT S. - X1705 4467 YUSUF NURUDEEN - X1706 4468 UMARU MOHAMMED MATTHEW - X1707 4469 SHERIFFDEEN MORWAN

ADEWALE A.- X

1708 4472 ROMILUYI ABISOLA OMOTUNDE - X1709 4473 ROMILUYI OLUFEMI & ABISOLA - X1710 4474 ROMILUYI OLUWASEUN VICTOR - X1711 4475 ROMILUYI OYINKANSOLA SUSAN - X1712 4481 SOKENU TOLU - X1713 4490 MOHAMMED SHEHU RAHAMATU - X1714 4491 MOLTEN TRUST LIMITED-DEPOSIT

ACCOUNTX -

1715 4493 MAJA OLAWALE MURTALA X X1716 4494 MORAKINYO OLUWADUROTIMI

HEZEKIAH A.X -

1717 4497 NNAJI CHIKA - X1718 4499 NWAIWU-ODUS OKECHUKWU - X1719 4500 OLUWANLE ADEDOTUN OLUOLA - X1720 4502 ADEDOKUN TAIWO - X1721 4504 INFOPRENEUR INVESTMENTS &

SERVICES LIMIT- X

1722 4511 KUFILE YINKA - -1723 4512 NWEKE DAMIAN OKECHUKWU X X1724 4516 ADEGBITE OLUKEMI OLUBUNMI X -1725 4518 ADEGBITE ADEYEMI LATEEF X X1726 4521 NWAJEI MICHAEL - X1727 4528 OLADIMEJI MERCY X X1728 4532 OLAJIDE-AWOSEDO OLUWAD-

AMILOLA- X

1729 4533 OLAWEPO MATTHEW KUNLE X X1730 4534 OLAWOLE SAIBU - X1731 4540 OBIAHU JOHN ARUA X -1732 4542 OBIANKE ODION GODWIN - X1733 4543 ODEDIRAN OLATUNDE ADEBISI - X1734 4544 ADEBAYO MOSES TUNJI - X1735 4546 OBI CHUKWUMA JASPER X X1736 4548 OGIDIOLU ADEKANMI X X1737 4550 OGUN OLUWASEYEEMMANUEL - X1738 4551 OGUNBUKOLA MATTHEW

OLUSEGUNX X

1739 4552 OJEI SAMUEL UCHE - X1740 4554 ABIMIKU JULIUS X X1741 4556 IBIDAPO OJO - X1742 4559 ISHOLA LATEEF TEMITOPE X X1743 4560 YUSUF MUJIBAT TITILAYO - X1744 4563 ONI SAMSON FOLARIN - X1745 4564 OKE ABAYOMI W. - X1746 4565 OJO MICHEAL AKINWALE X -1747 4566 OGUNSOLU ALEXANDER OLUYEMI X X1748 4572 OSAMEYAN OLUFEMI MOY-

INOLUWAX X

1749 4573 ADEOLU AUGUSTINE ABIODUN X -1750 4575 SALAWU PAUL - X1751 4577 ADEKUNLE TOSIN ADERIBIGBE - X1752 4578 LASISI OLAWALE AFEEZ - X1753 4582 PATRICK LUCKY AYEBANUA X X1754 4584 MACRO ASSET NIGERIA LIMITED - X1755 4587 BALLYTECH NIGERIA LIMITED - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

1756 4590 BAKARE BAKARE ADEBAJO AKEEM

X X

1757 4591 OWA OLATUNDE SAMUEL - X1758 4594 FASAKIN OLUWAFEMI IYIOLA - X1759 4596 OKPARA UGOCHUKWU TIMOTHY - X1760 4601 IBRAHIMMOHAMMED IBRAHIM X X1761 4604 EKPO AUGUSTINE PAULINUS X X1762 4606 OKPALA GODWIN OGOMEG-

BUNAM- X

1763 4607 ONUORAH NKIRU NKECHI X X1764 4608 ONOCHIE ESTHER IJEOMA X X1765 4609 OKONKWO IFEYINWA PROSPER X X1766 4610 OKORIE JOHNSON EZINWANNE X X1767 4611 OZOUWAKWE SAMUEL MADUKA - X1768 4612 AGUGUO JACINTA CHINYERE X X1769 4613 OKOYE V. EBUKA - X1770 4614 OWULU FIDELIA AMAKA - X1771 4615 ONYEBUCHI JUSTINA NNENNA X X1772 4619 ANAMENE COSTANCE NONYE X X1773 4621 OKOYE GREGORY IFEANYI-

CHUKWU- X

1774 4623 IBEGBU MICHAEL CHIMEZIE X X1775 4625 IKUEZE CHIKA JOSEPH X X1776 4626 F N C IGWE NIG LTD - X1777 4630 EZEKWE OKECHUKWU VINCENT - X1778 4632 ELOM HYGINUS FRIDAY NWENYI X X1779 4633 EGBE EMEKA MICHAEL - X1780 4634 MORAH EMEKA JOSEPH EVANG - X1781 4635 NWOSU CATHERINE X X1782 4637 OKOLI GRACE NJIDEKA - X1783 4639 NWEKE GRACE OBIAGELI X X1784 4641 NWOGWU BENJAMINE OKWY - X1785 4644 OBIEFUNA CHINENYE JOY

PROMISE- X

1786 4648 OKAFOR CHIOMA BENEDETTE - X1787 4651 UGWUANYI TITUS IFEANYI X -1788 4654 SALISU KHADUJAT IDRIS X X1789 4655 SALISU ZAINULABIDEEN X X1790 4656 ADAUDU OBEYA ANDREW - X1791 4659 OBOH PRINCE EDET EMMANUEL - X1792 4660 ILAYA EMU SPECIAL - X1793 4664 ATTAZAIKI ISMAIL X X1794 4666 UKA VICTOR CHIEDOZIE X X1795 4668 NTUI IYA X X1796 4673 OROGUN LUCKY KELVIN X X1797 4676 EGBO AUGUSTINE ESEROGHENE X X1798 4679 OKAFOR CHRISTOPHER CHINAKA X X1799 4681 ALO EDWARD OLUSEGUN - X1800 4683 ANDY STEVE MOMOH X X1801 4684 ODEKWO OGHENEFEJIRO SARAH - X1802 4686 EGBENI NKEM EMMA X -1803 4687 EYETU BENJAMIN ONOSIGHO X X1804 4688 OMAMOGHO DANIEL OVUAK-

POROYE- X

1805 4690 GODFREY MARVIN CHIDERA X X1806 4692 ORJI OLUOMACHI X X1807 4694 TITUS DORIS X X1808 4697 SULE EMMANUEL JNR X X1809 4700 OTALOR JOHN IKPONWOSA - X1810 4706 BABALOGBON TEMITOPE JOSEPH X X1811 4707 ENEZE LAWRENCE UDEH - X1812 4708 MENIRU TOBY CHINEMELUM - X1813 4709 NWAGBO DOMINIC ENYEOBI - X1814 4710 ONU PAUL CHIDIEBERE X -1815 4711 MENIRU MARYLYN OBIANUJU

OKOYE- X

1816 4713 MENIRU RICHARD IFESINACHI - X1817 4714 ATAWODI SALIU - -1818 4719 AJIYA IDRIS HASSAN - X1819 4721 OKOLI IMMANUEL IKE - X1820 4722 MUSA UMAR ADAMU - X1821 4724 ABRAHAM OSAZELE X X1822 4725 OGIKE TOCHI XAVIER X X

1 0 0 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 101: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

L I S T O F U N C L A I M E D D I V I D E N DS/N

O

ACCO

UNT N

O

NAME PYT 2

PYT 3

1823 4727 ATALOR ABEL X -1824 4731 RABIU ABDULHAMEED JIBIA - X1825 4732 SULYMAN WOSILAT (MRS) - X1826 4734 OGIKE CHIBUZO J. X X1827 4735 OBAIZAMOMWAN PETER OSZAZEE - X1828 4738 MUSA ABUBAKAR ADAMU - X1829 4741 OSAGIE KIZITO X X1830 4743 GALADIMA FATI BABA X X1831 4744 YUSUF AMAJE MUHAMMED X X1832 4747 MAFWAL PETER MASOK - X1833 4748 OYEYIPO FEMI ABAYOMI - X1834 4751 DINGBA ISHAKU TANZE - X1835 4752 SADIKU ABAYOMI AHMED X -1836 4753 JACKSON -AINOMHE JULIE ZINA - X1837 4755 LAWAL ELIZABETH OLUWANIFE - X1838 4759 KUDU BABA SHAFIYI - X1839 4761 ESSIEN GRACE PETER - X1840 4762 MUHAMMAD HADIZA BELLO - X1841 4763 MAIMUNA MOHAMMED HARUNA X X1842 4764 YONE GIDEON - X1843 4765 MUSA YERIMA BELLO X X1844 4766 SAHIRU ABDULAZIZ HASKE X -1845 4767 ADAMU BINTA X X1846 4768 ADAMU IBRAHIM X -1847 4769 KAWU PETO ABDULKAREEM X X1848 4770 EGBO EZENNAYA AMOBI - X1849 4771 NWAIWU CHIMAOBI UCHE-

CHUKWUX -

1850 4774 EDEH OBINNA - X1851 4776 IKPEAMANZE AMAUCHE

CHINYERE- X

1852 4777 AYENI PRECIOUS FISAYOMI - X1853 4779 BASHIR ABDALLAH LERE - X1854 4780 BOKO MARY UMARU X X1855 4785 NWEZE EMMANUEL X X1856 4787 ADAMU YUSHAU X -1857 4788 NWAIGBO BASIL - X1858 4790 EMEH VICTOR CHINOMSO X X1859 4791 UNGUWAR RIMI ABDULLAHI UMAR - X1860 4793 EGBO CHUKWUMA JOSEPH X X1861 4795 JACOB ASABE - X1862 4796 EMEH EDWARD IFEANYI X X1863 4797 ISA ABDULLAHI ISAH - X1864 4798 SALISU IDRIS MAKAMAN

DANMADAMIX X

1865 4799 WAZIRI SILAS IDDAH X X1866 4800 IDRIS MUAZU ABDURRAUF - X1867 4802 IBRAHIM ABDULLAHI B. - X1868 4803 HASSAN DANJARI X X1869 4804 HASSAN SALISU X -1870 4805 ADETUGA ADEDOYIN TABURA X X1871 4806 ISAH MEDINAT SALIHU X X1872 4807 UMAR NASIRU LERE - X1873 4808 DOMINIC TITUS T. - X1874 4810 MUHAMMED FATIMA. X -1875 4812 SAMBO ABBAS SANI - X1876 4813 ABBA BASHIR JAYE - X1877 4814 EMEH CYNTHIA EZINNE X X1878 4815 AYENI AGNES OLAWUMI X X1879 4816 ACHIMUGWU OJONUGWA VIVIAN X X1880 4819 HASSANA IBRAHIM X X1881 4820 ALI AMBISISI DANLAMI X X1882 4821 YOLA ABDULMUMINI ADO X X1883 4824 ISAH ISYAKU X X1884 4826 AINA OLAWALE OLUSEYE - X1885 4828 DAHIRU BINDAWA BILKISU - X1886 4830 ABDULLAHI ABU RIMI X X1887 4831 ABBA ALMUSTAPHA JAYE X -1888 4835 ABIODUN CELINA ABIKE X X1889 4837 OLAWOLE EUNICE OLUFUNMILAYO - X1890 4838 LAWAL ARIYO NURUDEEN X X1891 4841 YUSUF ABDULMUMEEN X X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

1892 4848 AKANDE OLUWANIFEMI OLUBUKOLA

- X

1893 4851 EMOVON ABIGAIL AMENZE - X1894 4853 AJAYI COMFORT KEHINDE X X1895 4857 ESOKPUNWU EMMANUEL - X1896 4858 AJADI OLAWALE FATAI X X1897 4859 ESSANG ETIM OKON X X1898 4860 AJADI MUFUTAU AWEDA - X1899 4861 AIYERIN OYEDELE X -1900 4863 AIRA TECHNOLOGIES LTD - X1901 4865 AJAYI OLUWASOLA E. - X1902 4866 AKINWALE MORUFF OLATUBOSUN - X1903 4870 EDEM AKAN ISRAEL X X1904 4872 ABDULWAHAB MUBAARAQ

OLOLADE- X

1905 4874 AKINWANDE JAMES ABIODUN X X1906 4875 EDUN AKINBODE OWOLABI X X1907 4876 EDWARD EMEKA - X1908 4877 MESELE OLUFEMI LAWRENCE X X1909 4879 ELEMORO BABATUNDE X -1910 4883 AKINOLA ABIOLA OLATUN-

BOSUN A.- X

1911 4885 EKPO EDIMA BEN X -1912 4886 EKPO EMEM PATRICK - X1913 4893 FALETI PHILIP OLUWOLE X X1914 4894 FALOPE LASISI OLUTOYESE - X1915 4901 FODEKE ADESOLA REGINALD - X1916 4902 FOLARIN ADEWALE SAFIU - X1917 4903 ADEYEMI OLUFUNMILAYO - X1918 4907 GOBIS NDIDI ENDURANCE X -1919 4910 HAAZORDOZ MERCHANT &

TECH LTDX X

1920 4914 HANAFI ABDUL GANIY IBRAHEEM X X1921 4916 ADEYANJU TIMOTHY AKANJI X X1922 4917 ADEWOLE BABATUNDE FARUQ X X1923 4918 ADESINA OLABODE ADEBAYO X X1924 4920 AGUNBIADE FESTUS ADELOYE X -1925 4921 ETSIAME CECILIA X -1926 4923 AGBOOLA OLAMIDE FOLUSHO - X1927 4925 EWILEM EVELYN ELUAGWUNI - X1928 4926 AFOLABI TITILAYO APEKE - X1929 4930 EZEKOLONKWO CHIDOZIE

CHRISTIAN- X

1930 4934 MAMMAN JAMES YASHIYI - X1931 4938 ADIGUN OLAWALE AYINDE X X1932 4939 FADIPE TUNDE ABODUNRIN X -1933 4940 ADIGUN OLASUNKANMI X X1934 4941 ADIGUN OLAMIDE X X1935 4943 FAJANA MOTUNRAYO X -1936 4945 ALABI MONICA OLUKEMI (MRS.) - X1937 4947 ADEUYI OLAOLUWA O X -1938 4951 BISONG MARY OKAJA X -1939 4953 INFOPRENEUR INVESTMENTS &

SERVICES LIMIT- X

1940 4964 ADEKUAJO CHARLES & FRANCIS (MR.& MRS.)

X -

1941 4965 CHRIST SOWERS LADIES LEAGUE - X1942 4967 CHUKWUEKETE CHRISTOPHER X X1943 4969 ASUKWO OKOH - X1944 4972 CLAD LIMITED - -1945 4976 AYINDE GBENGA OLUBODE X -1946 4978 AZEEZ KAZEEM ADEROJU - X1947 4980 ADEFILA MICHAEL AJIBADE - X1948 4981 ADEFILA IBUKUN SUNDAY - X1949 4982 BABAJIDE SUNDAY ADELEKE X X1950 4983 AWOFESO EZEKIEL ADEDAYO X X1951 4984 BABALOLA ADEGBOYEGA ADESOJI - X1952 4986 ADEBOMI EBUNOLUWA - X1953 4991 BALOGUN ADENIYI SHAKIRU X X1954 4997 BASSEY HANNAH UDOH - X1955 4998 ADEDAYO ADEYINKA ADEYEMI X X1956 5000 BABATUNDE SEUN X X1957 5003 ADEOSUN ADELEKE O. - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

1958 5004 ADEOYE TOMIWA TAIWO (I.T.F) - X1959 5006 ADEOYE TIMILEHIN KEHINDE (I.T.F) - X1960 5008 AMODU FAUSAT OLUWATOYIN X X1961 5012 DISU ELIAS OLASUPO - X1962 5013 COK INTEGRATED INVESTMENT LTD - X1963 5016 DOSA ENAYON OLUFEMI - X1964 5018 DUNG RUTH JOHN X X1965 5019 ALUFOHIA JEWEL ODION MISS - X1966 5020 ALUFOHIA ADORABLE OMON MISS - X1967 5022 ABIMBOLA ONALAJA SAMUEL A X X1968 5023 ALIMHINGBE MICHAEL OW-

HEGOJABOX X

1969 5024 EBERE IFEANYI PAUL X X1970 5025 ADEFILA MOTUNRAYO FELICIA X X1971 5028 DAIRO OLUWADAMILOLA

OLUDAYO- X

1972 5029 CHIZCON GLOBAL VENTURES LTD - X1973 5032 CROWNFIT KLEAN TOUCH - X1974 5033 DADA TEMITOPE X -1975 5036 ADEMEFUN KOLA OLUFEMI X X1976 5038 DAIRO BABATUNDE FISAYO X X1977 5039 AROGUNDADE FESTUS OLUFEMI - X1978 5042 ANOSIKE BENJAMIN NNAMDI X -1979 5048 ARABI OLUWASEUN JOSEPH X -1980 5053 DAUDA HEMAN X -1981 5056 OLULANA JOSEPH A - X1982 5058 OMOTAYO JOHN X X1983 5059 OMONIYI SHERIFAT OLUWAFUN-

MILAYOX X

1984 5060 OMOKHAFE OMOAREGBA JOSEPH X -1985 5061 OMOJADEGBE FRANCIS WOLE X X1986 5062 OLUWUNMI IFEOLUWA ELIZABETH X X1987 5065 OLUNOWO KOFOWOROLA

AMUDATX X

1988 5066 ONATADE ELIZABETH TOSIN X X1989 5068 OLUBANWO FUNMI OWOWUNMI - X1990 5069 OLOWOYO SUNDAY SOLA - X1991 5070 OLOTIN BAMIDELE OLAMIDE - X1992 5072 OLORUNTIMILEHIN OLAYINKA - X1993 5073 OLORUNSOLA PETER IBUKUN - X1994 5077 OSHO TAIRAT OMOWALE X X1995 5078 OSHO OLADEHINDE T. X X1996 5079 OSHO IDAYAT ARIKE X X1997 5083 OMOTAYO-BENSON OYEKUNLE - X1998 5084 OPURUM GODFREY N. X X1999 5085 OLERU FRANCIS ANAYO - X2000 5087 ONYEKE SUNDAY X X2001 5088 ONUOHA FELIX ALOZIE - X2002 5089 ONODUGO CALLISTUS ON WURAH - X2003 5094 OKE MAGARET AFOLAKE - X2004 5095 OKPE UCHENNA MARTIN X X2005 5097 OKOMHANRY OSAREMWEN

RUFUS- X

2006 5101 OKELANA ADEBAYO - X2007 5103 OKECHUKWU BENJAMIN MONDAY - X2008 5108 OJOMO OLAYIWOLA JOLADE X -2009 5109 OJEI ESTHER EWERE - X2010 5113 OLAJIDE AZEEZ X X2011 5116 OLATUNJI KOLA SAEED - X2012 5118 OLARINDE BABATUNDE - X2013 5121 OKUBOYEJO ADETOKUNBO - X2014 5123 OKWOR EMMANUEL - X2015 5125 OLADIPO MUSBAU OLAYIWOLA X X2016 5126 OLADIPO IBRAHIM OLANREWAJU X X2017 5130 IBEABUCHI IKEM O. - X2018 5131 OLISA CHIGOZIE SAMUEL X X2019 5134 OSHOJAH VICTOR X -2020 5139 TURNER MARIAM IDOWU X X2021 5144 TELLA OLUWATOYIN AINA - X2022 5150 TAFIDA ISA X X2023 5151 TOPMOST FIN.& INV. LTD.TRADED-

STOCK-A/CX -

2024 5153 YUSUF NURUDEEN - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

2025 5154 YUSUF MUMINI ADEKUNLE X X2026 5155 YEKINNI TAIWO SUNDAY X X2027 5158 WHETO JOEL AHONOWHE - X2028 5167 UMARU MOHAMMED MATTHEW - X2029 5168 UMAR SALISU - X2030 5169 UKPAKA NGOZI ANGELA - X2031 5171 OZOLUA STELLA MERAB - X2032 5173 ROBERT BELEMA FREDERICK X X2033 5175 REAPERS INVESTMENTS LTD - X2034 5177 RAHEEM SAHEED ADIGUN - X2035 5178 POPOOLA AMOS KEHINDE X X2036 5180 PANTELERIA LIMITED X X2037 5181 SANNI MAMUNAT BOLA - X2038 5183 OWOLABI OLUMUYIWA OLUWOLE X X2039 5184 OWEH SUNDAY X X2040 5185 OTUFOWORA NOJEEM ADEBAYO X X2041 5186 OSUNBOR JOSEPH OSARETIN - X2042 5192 SOSAN SOLOMON MEDABI - X2043 5193 SONTAN MODUPE MOJISOLA - X2044 5197 SOEWU OLUBUNMI ALICE - X2045 5198 SALIU OLAWALE OLANREWAJU X X2046 5202 SHEILE ESTHER ABOSEDE X X2047 5204 SHAIBU OHIARE MICHAEL X X2048 5209 SHONEKAN OLAMIDE X X2049 5213 MUSTAPHA ABDULLAHI TAGOJE X X2050 5227 NIKACHY MULTISERVICES LTD - X2051 5228 IDOKO AUSTINE - X2052 5229 NNAJI CHIKA - X2053 5235 NJEPU AUGUSTINE NNAEDOZIE X X2054 5236 MOHAMMED SHEHU RAHAMATU - X2055 5238 MOK EMMANUEL IFEANYI X X2056 5239 IFEKWEM RITA CHINWE - X2057 5241 IFEKWEM SCHOLASTICA UCHE - X2058 5243 IFEKWEM ANULIKA CYNTHIA - X2059 5246 ILOYI IYABO AJOKE - X2060 5247 KALU BLESSING X X2061 5253 ILORI F. ADEYEMI EST. OF X X2062 5255 INEGBEDION ISIMEMEN - X2063 5256 IWUCHUKWU ANGELA EBERE-

CHUKWUX -

2064 5262 MOBUH JOSEPHINE ANGELA - X2065 5265 LAWAL OMOLOLA O. X X2066 5267 IKPAT EMEM EMMANUEL - X2067 5268 KANU SILAS ONWUCHEKWA X -2068 5270 IFEKWEM AUGUSTINE CHUK-

WUDALU- X

2069 5274 LA’TEMMAC GLOBAL RESOURC-ES LTD.

X -

2070 5276 KOLAWOLE JONATHAN FUNSO X -2071 5277 IKPAT EMMENUEL J. - X2072 5279 OGIDIOLU ADEGBENRO X X2073 5280 IDIEGE FAVOUR IWHOULIMRE - X2074 5283 OGUNLEYE ABODUNRIN

CATHERINEX X

2075 5284 ODEJIMI OLUBISI - X2076 5285 ODIGWE OFURE EKINADOESE - X2077 5287 ODUAGU INVESTMENT TRUST LTD - X2078 5288 ODUESO JANET OLUWASEUN - X2079 5291 OBOH PETER AIGBORNA I - X2080 5295 OGUNJIMI ALABI LOOKMAN X X2081 5298 NDUKWU ANNA KATE X X2082 5299 OGIDIOLU ADEKANMI X X2083 5300 OGUNDELE OLUBUNMI ADEJOKE X X2084 5302 OGUNBADEJO BUKOLA ADIJAT X X2085 5304 OGOR MIKE - X2086 5308 IBEAWUCHI JOHNSON NWABUEZE X X2087 5310 NWAOBI UWADIMEGWU X X2088 5311 OGUNTIMEHIN SAMSON TAIWO - X2089 5312 NWEKE MADUKA JAMES X X2090 5315 NWOSU CHIJIOKE JUSTIN X X2091 5316 NZE ORLEANS CHUKWUEMEKA - X2092 5317 OBA NWAKAEGO AGATHA X X

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 1 0 1

Page 102: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

L I S T O F U N C L A I M E D D I V I D E N DS/N

O

ACCO

UNT N

O

NAME PYT 2

PYT 3

2093 5319 OBAKOYA OLUFEMI OLUSEYI X -2094 5320 OBASEKI JEREMIAH X X2095 5322 OBI NNEKA ZAINABU - X2096 5323 OBI VIVIAN ADA X -2097 5325 IDLOWU OLUFEMI OMOLOLU X X2098 5326 OBIORA EDWARD OBINNA X X2099 5327 IBEH IFEANYI CHINWENDU X X2100 5328 IDIEGE PECULIA PEULIM - X2101 5332 IYANDA AYODEJI EMMANUEL X X2102 5333 ALEJO OLAWANDE OLAYINKA X X2103 5336 OJO AYODELE JOSEPH - X2104 5337 AYEOYENIKAN AUGUSTINE

ITUNUOLUWA- X

2105 5338 DIM JOHNSON UCHE X X2106 5342 OGINNI OLUWASEUN & FAMUBO O. X X2107 5344 IBIDAPO OJO - X2108 5345 OKANLAWON YETUNDE

OLUBUNMI- X

2109 5346 ADETORO TAIWO X X2110 5347 SOYEMI IBUKUNOLUWA SARAH X X2111 5348 KUPONIYI OLUGBENGA TEMITOPE X X2112 5349 ADEMOLA SHAFIU ADEWOLE X X2113 5351 ETTU AFUI OLUGBENGA - X2114 5352 KAYODE RICHARD X X2115 5353 OJO MICHEAL AKINWALE - X2116 5355 2024 FUTURE IMPACT - X2117 5357 ALOMO ABDULRASHEED ABIOLA X X2118 5358 AGSABO JACOB OGUNBIYI X X2119 5359 OTUYEMI VICTOR ADEBAYO X X2120 5360 OSUNFISAN OSUNFUYI VINCENT X X2121 5361 HASSAN GANIYU OLUSEGUN

(ALHAJI)- X

2122 5363 ALAMU AKEEM X X2123 5365 GANIYU BOLANLE FUNMILAYO X X2124 5366 OYEGUNLE FUNKE AINA X X2125 5367 OLUWARANTI ADEDUNMOLA

OLUWASEUNX X

2126 5372 ADESUNLOYE ADEBISI X X2127 5375 YOADE OLUBUNMI ABIMBOLA - X2128 5378 ADEBOMI JACOB KAYODE - X2129 5381 ADEYEMI ADEKUNLE MARK X X2130 5382 AJAYI OLANIYI STEPHEN - X2131 5386 COKER OLUWAGBEMIGA ADEDEJI - X2132 5387 ALONGE AYODELE X X2133 5388 OBUKADIATA EMMANUEL FRANCIS - X2134 5389 ODUNLAMI SAMSON ADENIYI X X2135 5392 AGBOLUAJE LUKUMAN

OLAWUMI AX -

2136 5393 AJAYI GBENGA SAMUEL - X2137 5395 AJADI OLAYINKA X X2138 5396 ASUBIOJO ABIODUN OLADAPO - X2139 5397 RASAQ OLASUNKANMI MUKTAR - X2140 5402 TALI FARRANT FAUEN NIMFA X X2141 5407 OKORO SAMUEL UGOCHUKWU X X2142 5408 OKAZU NJUBEMERE - X2143 5411 ISAAC MONICA ANIETIE X X2144 5413 ADETOLA GABRIEL ADEBAYO - X2145 5417 ABBY-KALIO IBIFIRI LOLIA - X2146 5418 MOSES MICHAEL OSCAR X X2147 5419 MOSES TOMBARI B. X X2148 5420 OSARO EDEE JOHN X X2149 5423 ABUBAKAR ISA ALKALI - X2150 5425 IMAM MARYAM ISA X X2151 5430 KOLA-OLALERE ESTHER KIKELOMO X X2152 5431 OWA OLATUNDE SAMUEL X X2153 5432 FAMORITADE OLAYEMI X X2154 5435 ODIYI EMMANUEL C. A. - X2155 5436 EBILIKO LONGINUS CHINASAOKWU - X2156 5442 ESTATE OF OYELAKIN OLADOSU

OLALEKAN- X

2157 5443 OKUNLOLA RACHEL ARINOLA X X2158 5444 CANDIDO M. ENTERPRISES - X2159 5445 ESO ABIODIUN RICHARD - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

2160 5446 ODUNAIKE OLADAYO OLUFUNMI X X2161 5447 BYFORTE NIGERIA LIMITED - X2162 5449 KURFI RABI ADO X X2163 5451 CHRIS-ALADUN UGOCHUKWU

CHINEDU- X

2164 5452 SALAUDEEN AFISI ABIOLA - X2165 5453 OLADIPO OLUFEMI GABRIEL X X2166 5454 OGUNGBESAN OLUWAFEMI

SAMUELX X

2167 5455 ORANEKWULU BLESSING U. - X2168 5456 OPADIRAN COMFORT ADEFEMI - X2169 5459 TAIWO ADEMOLA FRANCIS X -2170 5460 SABITU ADEYEMI ISHAQ X X2171 5462 ATUBE EMMANUEL CHIBUZOR X X2172 5463 OKON CLEMENT EFFIONG X X2173 5465 IHONDE AIMALOHI AMENAWON X X2174 5467 ADEDIRAN PAUL ADEBOWALE X X2175 5470 NWAUBANI EMEKA CHRISTOPHER - X2176 5475 FISHER EMMANUEL OLUBOMI - X2177 5483 NWAOHA CHINEDU ANGELA X -2178 5486 NWOBU SAMUEL IKECHUKWU - X2179 5488 NWANZE EUNICE CHINONYEREM - X2180 5490 OZORJI JEOVITA OKECHUKWU - X2181 5492 BALOGUN ADENIYI SHAKIRU X X2182 5493 OLAYEMI HENRY KEHINDE - X2183 5495 ETUK AKANINYENE ETIM X -2184 5496 ONYUTE ADAM FELIX X X2185 5497 AKINGBE AJIBOYE JOSHUA X X2186 5498 ADEYEMI TEMITAYO PHILIP X X2187 5502 INTERCONTINENTAL BNK/

TOPMOST FIN. TRDNG- X

2188 5505 OLABODE OLUFEMI - X2189 5511 OFFOR CHETACHI C. - X2190 5513 MOHAMMED SANI FATIMA X X2191 5514 AFOLABI OLADAPO ABAYOMI - X2192 5515 DANIA LAMIN GHAZI X -2193 5516 OBADARE OLUKAYODE JOSEPH - X2194 5517 AKINLADE FLORENCE OLUFISAYO X -2195 5524 OLAWOLE OLAYEMI OLATUNJI - X2196 5530 SULEIMAN GARBA MAIFATA - X2197 5531 ILORI F. ADEYEMI EST. OF X X2198 5532 ILELEJI GEORGE ODAFE - X2199 5533 OBOH PRINCE EDET EMMANUEL - X2200 5535 MAYALEEKE IBRAHIM ADEROGBA X X2201 5536 BA’ABA ABUBAKAR X X2202 5537 EZEAMAMA EMEKA JOHNMARK - X2203 5545 SANFEL INVESTMENT LIMITED X -2204 5546 ONIYERE CHARLES - X2205 5550 JULIUS IBITAYO X X2206 5551 CLAD LIMITED - -2207 5552 ANURUKEM CHIMA X X2208 5553 YAKUBU ALFA BALARABE X X2209 5554 ESAUINIOBONG FRIDAY - X2210 5561 MOHAMMED ZAKARIYA - X2211 5563 CHUKWUEDO AUSTIN IKECHUKWU X X2212 5565 FODEKE ADESOLA REGINALD - X2213 5567 FATIGUN ADEDOYIN OLUSHOLA - X2214 5568 OLATUNJI OLUSOGO TUNDE X X2215 5570 OYEBADEJO OLUWAFUNMILAYO

ANUOLUWAPO- X

2216 5571 BABATUNDE ENITAN OLUFEMI - X2217 5574 NWORAH ARINZE KINGSLEY X X2218 5575 NWANJI COLLINS C. - X2219 5578 KALU BLESSING BEAUTY - X2220 5580 NWOSU UCHE - X2221 5581 OLUBORI OLUBUNMI OLUWASEUN X X2222 5582 IBE-GEORGE ALESSANDRA

IFEYINWA- X

2223 5583 GALADANCHI HASSAN SHEHU X -2224 5586 ESSIEN EKAETTE MERCY X -2225 5590 OYADIRAN SAMUEL MAYOWA X X2226 5594 ONYEBUCHI JUSTINA NNENNA X X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

2227 5595 SHUAIBU AMINU X X2228 5598 EBENUWAH HENRY CHUK-

WUEMEKA- X

2229 5601 IKECHUKWU EBEGBULAM EVERESTUS

- X

2230 5602 OKOGWU JOSEPH NWABUAKU X X2231 5603 EZUGWU CHIDINMA LOVETH X X2232 5606 OKWUACHI BEN-BENSON NWAZE X X2233 5607 TAYO CAROLINE EBUN X X2234 5608 HARUNA ANGO AMINU X -2235 5609 EKWONYE CHRISTIAN UCHE-

CHUKWU- X

2236 5610 OBOH PETER AIGBORNA I - X2237 5612 OKONKWO IFEYINWA PROSPER X X2238 5613 ENWEREUZO CYNTHIA

CHINWENDU- X

2239 5616 CHUKWUMEZIE ISAAC ONYEDIKA - X2240 5618 OKAFOR EDWIN EMEKA X X2241 5620 ONWUKA CHINEDU CHRISTOPHER X X2242 5621 ZAKAAT (ALH. ALAMUTU IMRAN

YUSUF)- X

2243 5622 IROEGBU AUGUSTINE NDIDI X X2244 5623 MUHAMMAD HADIZA BELLO - X2245 5624 OLUDOTUN KOLAWOLE TIMOTHY X X2246 5627 UBAECHU JUSTIN CHUKWUMA - X2247 5628 ETSIAME CECILIA X -2248 5629 AWOPETU OLUWAKEMI TOLULOPE X X2249 5631 OKORIE BENJAMIN X X2250 5632 ADELEKE ALAO GAFAR - X2251 5634 AMOS EMMANUEL X X2252 5636 ITIE JOSEPH CHINEDUM - X2253 5638 AWE OLAMIDE DAVID X X2254 5640 OGBULIE EMMANUEL MADU - X2255 5641 ALI MOHAMMED MOHAMMED X X2256 5642 AKINBAMBO RASHIDAT

ADERONKEX X

2257 5643 OSO CLEMENT OLADIPUPO X X2258 5644 AMAO SEGUN - X2259 5649 KWATAMDIA JOY MUSA - X2260 5650 OYENUGA ADETOMI B X -2261 5651 OYEDIRAN HAKEEM MAKANJUOLA X X2262 5652 NWOBA EMMANUEL NWA-

CHUKWUX X

2263 5654 SALIU KODRI OLANREWAJU - X2264 5655 CHUKWUKA BARNABAS C. - X2265 5656 UCHEAGWU IGNATIUS NNAMENE X X2266 5658 OGUERI MITCHEL UCHENNA - X2267 5661 IBRAHEEM ADEBUSOLA ADUNNI - X2268 5663 YUSUF FARIDA DIKKO X X2269 5665 OGU AMARACHUKWU FIDELIS X X2270 5667 OLALEYE EMMANUEL KOKUMO X X2271 5668 TIJJANI GARBA JIDDA X X2272 5669 NWAFOR FRANCISCA CHIDALU X X2273 5670 NWAFOR PERPETUAL UCHECHI - X2274 5671 NWAFOR CHIJIOKE BLESSING - X2275 5673 AJUKWU CHINEDU CHRISTIAN X -2276 5674 MALLAMI BUKAR MOHAMMED X X2277 5676 IDEMUDIA ERIC UWAIFO - X2278 5684 IZIMA HENRY NZE - X2279 5686 INUWA MAGAJI (ALH) - X2280 5689 MESELE OLAMIDE OREOLUWA

FOLASADEX X

2281 5690 MADU PATRICK OBUNIKE X X2282 5693 NNADOZIE EZEKANACHI - X2283 5696 ANI NICHODEMUS - X2284 5699 SHEHU ABBAS OTHMAN - X2285 5702 KUMBIYA KUMBIYA ADAMU

ABDULLAHIX X

2286 5703 JOHN BASSEY UDOH - X2287 5705 ADEGBOYE JAMES BABATUNDE - X2288 5706 ADEBOLA OLUSEGUN OLAJIDE X -2289 5710 EBUKANSON EMMANUEL GEORGE - X2290 5713 ERI AMINU ALI - X2291 5717 ADEGBERO KAYODE OLUSEYE X -

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

2292 5718 SANYAOLU OLADIPO T. OREOLUWA - X2293 5724 ABUBAKAR GARBA BAIDU - X2294 5728 OGUNLANA ABIODUN - X2295 5733 OWADUGE MARIAN ADENIKE X X2296 5735 GARBA HAUWA X X2297 5741 YAYA JOHNSON OLATUNBOSUN - X2298 5742 EZERIOHA OKECHUKWU

ANTHONYX X

2299 5744 ONYEKWERE CHUKWUNONYEREM - X2300 5745 OKALI OBINNA NDUBUISI X X2301 5746 PETER DAAPE STELLA - X2302 5750 OKAFOR OBIANIKA MICHAEL - X2303 5751 OZOKA UCHECHUKWU THERESA X X2304 5752 NDUBA IJEOMA JOMOCIN - X2305 5755 NWANESI CHIBUZO PASCAL - X2306 5759 OCHIA OBICHUKWU PETER - X2307 5760 CHUKWUNMEZIE ANN O. - X2308 5766 IBEZIM IJEOMA NWAKAEGO - X2309 5768 ADEBAYO ISIOMA IMELDA - X2310 5771 UKATU FLORENCE CHINYERE X X2311 5773 UDEZE MARTIN ONYEDIKA - X2312 5774 IKUNWANNE NELSON ELOZONA X X2313 5777 FUSHUWA GOROMA JAJERE - X2314 5780 KOLLERE AHMAD USMAN - X2315 5781 SAFI MOHAMMED X X2316 5782 ALI AUDU X X2317 5783 BURA ALHAJI GUJARI - X2318 5785 KOJO FESTUS KOKO - X2319 5787 AKINSOYINU ABDUL YEKINI X X2320 5788 OKAFOR OFILI CHARLES X -2321 5789 OMOREGHA DANIEL - X2322 5791 CHIEJINE NWADINMA EMMANUEL - X2323 5792 ANYIAM FLORENCE ONYINYECHI - X2324 5793 ONIOVO JOSIAH X X2325 5794 OSAGHAE OSASOGIE X -2326 5797 OVIAWE OMOROGBE FRIDAY X X2327 5798 EDOMWONYI OSARUGUE EDITH X X2328 5799 ABUBAKARI SAEEDU ALIYU - X2329 5801 USIFO GODWIN EHIMARE - X2330 5802 INEDE FREDRICK ORIAREWO - X2331 5803 OKEKE PIUS JOHNSON O. X X2332 5804 OGBOKU CHINYERE A. - X2333 5806 OKWUMO ECHEZONA N - X2334 5807 ONYEMERELA FELIX CHINEDU - X2335 5809 MAIYARA MOHAMMED BELLO - X2336 5810 TEMTSEN HELEN KANGYANG X X2337 5816 ITALOYE OLUWOLE - X2338 5819 NWORDU MARTINA ENUMA X X2339 5820 BRADFORD & BINGLEY INVEST LTD X -2340 5822 MUHAMMAD SULEIMAN - X2341 5825 ODUMESI JOHN OLAYEMI X X2342 5826 URAMA SUNDAY EMMANUEL X -2343 5834 OGUNBADEJO ABOSEDE

ADETOUNX X

2344 5836 UDOFIA INYANG EDEM X X2345 5837 ARUNA OLADEINDE WASIU X X2346 5842 BOROMA YAKUBU MOHAMMED - X2347 5845 OPARA KENNETH & OLUCHI

(MR & MRS)X X

2348 5846 UVERE CHIJIOKE EMMANUEL X X2349 5847 DIRI MOHAMMAD SAIDU - X2350 5851 AJIBADE BABATUNDE AYODEJI - X2351 5852 ZAKARI SUMAYYAH X X2352 5854 MOHAMMED USMAN AMINA - X2353 5856 OKPAPI SOPHIA - X2354 5858 ISYAKU ABDULAZEEZ ABDULLAHI - X2355 5859 BALA MUSTAPHA DAWAKI X -2356 5861 IMAM AYUBA INDABAWA X X2357 5862 NSEOBONG ANTHONIA AKPABIO - X2358 5863 GARBA SALISU KABUGA X X2359 5864 ISAH ISYAKU RABIU X X2360 5871 TIJJANI HAFSAT X X

1 0 2 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 103: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

L I S T O F U N C L A I M E D D I V I D E N DS/N

O

ACCO

UNT N

O

NAME PYT 2

PYT 3

2361 5873 USMAN GARBA DANLAMI X -2362 5874 ABDUSSALAM NAJEEB MAHMOUD X -2363 5876 SADE MUHAMMA MAGAJI - X2364 5877 ABBA MUHAMMAD KWAJAFFA - X2365 5880 ISMAIL SHEHU X X2366 5882 KURFI ABBAS OTHMAN - X2367 5884 DADA EMMANUEL ADESHINA - X2368 5885 RAIMI AJOKE MONSURAT X X2369 5886 ADEKANYE MUDASHIR ADENRELE X X2370 5887 IDRIS AHMED X X2371 5889 AYENI ABIODUN EMMANUEL - X2372 5890 BANKOLE TAOFIQ ASHOLA X X2373 5892 MUSTAPHA NURENI OLAIYA X X2374 5893 ENTERPRISE INVESTMENT

MANAGEMENT LIMITED- X

2375 5894 EZEH OKECHUKWU CELESTINE - X2376 5895 ETI RUHAMAH CHIOMA - X2377 5897 EZEKWE JUSTINA CHINENYE - X2378 5898 ADENIYAN OLUFEMI ADEOLA - X2379 5902 EROMOSELE OSEMUDIAMEN

OLUWASHINA-AYOMIX X

2380 5905 ENITINWA MOBOLAJI OLUWATOSIN X X2381 5906 EMU FIDELIA OREVAOGHENE X X2382 5907 EMMANUEL ADAH MATHEW - X2383 5910 ADEPOJU OLUWASEGUN

ADEKUNLE- X

2384 5911 EKWUNIFE WISDOM OSITADINMA X X2385 5912 ADESEMOWO OYEBADE

OBASANJOX X

2386 5913 ADESULURE ROSEMARY MODUPE X X2387 5914 ADENIYI PETER ADEDEJI - X2388 5917 IBE FRANCIS - X2389 5918 IBANGA ANDIKAN IME X X2390 5919 HASSAN OLOLADE IDOWU X X2391 5920 HARRISON KORIBO BENEBO X X2392 5924 GIDAUNIYA INV.& SEC.LTD-TRADED-

STOCK-A/C- X

2393 5925 GEORGE ENAMETTE SIMON X X2394 5926 GBATEMAN JULIANA MEMBER X X2395 5929 ADAJI ELIZABETH ADAJI X X2396 5934 ADEGBOYEGA ADEOLU - X2397 5940 FALAYI TOMIKE X -2398 5942 ADELANI ADEKUNLE AFEGBAI X X2399 5946 AROGBAOLA AKINWANDE NIYI X X2400 5947 ANIMASHAUN RASHEEDAT

ADEBIMPE- X

2401 5948 ANIMASHAUN NADIA OLAOLUWA - X2402 5949 ANIMASHAUN AL-FUR’QAN

FOLORUNSHO- X

2403 5950 ANIFOWOSHE FOLASHADE NUSIRAT

- X

2404 5951 CHIMA KINGSLEY TOCHUKWU X -2405 5952 ANI PHILIP NWITTE-EZE - X2406 5953 ARUNAH DENIS X X2407 5958 CHIBUIKEM JAMES OJIAWA - X2408 5960 BUARI ZAHRA OLUTAMILORE X X2409 5964 AYO-IDOWU OZE - X2410 5974 AUDU MARY ADUN X X2411 5975 ASIKOKO DANIEL OHIHON - X2412 5976 CHRISTOPHER EMEKA X X2413 5977 AXHOLMES NOMINEES LTF “IK” - X2414 5982 EGBERONGBE BILIKIS OMOTUNDE - X2415 5985 AJAYI THOMPSON STEVE - X2416 5992 ADIGUN DAUDA MOBOLAJI - X2417 5995 CHUKWU GODWIN X X2418 5996 CHUKWUEMEKA CHINYELU - X2419 5998 ALADEYOMI AKINGBADE ISOLA - X2420 5999 AKPAN UDINYANG JOHN - X2421 6001 AKINGBADE KEHINDE MONSURU X X2422 6002 AKINYELE OLUWASEUN

EMMANUEL- X

2423 6005 AKINYELE OLUWASEUN EMMANUEL

- X

2424 6006 DARAMOLA OLUREMI ALICE X X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

2425 6008 DARAMOLA RICHARD - X2426 6011 ONYEANI-NWOSU CONSTANCE

CHIKA CHEDO- X

2427 6012 OMOLADE OLUWASEGUN SAMUEL - X2428 6013 OMONUA PETER X -2429 6016 ONI MOSOBALAJE YUSUFF X X2430 6019 ONOMASE OZIEOGHEKET CHRIS X X2431 6024 ONYEGBULE UZOMA X X2432 6026 OPADIRAN DANIEL ADEFEMI X X2433 6027 OPADIRAN ISAAC OLUFISAYO X X2434 6028 OPADIRAN MARY OLAMIDE X X2435 6029 OPADIRAN OLADAPO OLAOLUWA X X2436 6030 OPADIRAN OLUWATOSIN ESTHER - X2437 6032 OLAOYE REUBEN AYOTUNDE X -2438 6033 OKONKWO ABUMCHUKWU X X2439 6038 OLADEJO MARYAM OREOLUWA - X2440 6039 OLADEPO OLUSOJI FREDRICK - X2441 6040 OLADIMEJI OLADELE JOHNSON - X2442 6043 OLUYORI OLUWAGBEMI DAVID X X2443 6045 OLATERU OLUWASEYE SAMSON

MAYOWAX X

2444 6046 OLAYANJU TUNDE TIMOTHY X X2445 6048 OLOGBENLA ADEBISI DAVID - X2446 6054 TIJANI OLADIPUPO MUHRTALA X X2447 6057 SOBOWALE KOLA - -2448 6060 TAIWO ABAYOMI ABEL X -2449 6063 SALAMI BASIRAT ABIMBOLA X X2450 6064 TIJANI HAROON ABIODUN - X2451 6069 UDAH JACOB EMMANUEL - X2452 6077 OLATERU FOLASHADE ENITAN X -2453 6078 OSHIKOYA OLUDIYA X X2454 6079 OTAIGHO BENJAMIN OGH-

ENETEGORX X

2455 6081 OTU JULIET AFIONG - X2456 6082 OTU SOLOMON GODDIVINE X X2457 6083 OTU VICTORY ABASIAKA X X2458 6084 OVWIGHOWHARA OKIEMUTE

VERA- X

2459 6086 OWOLABI OLUKUNLE ROTIMI X X2460 6087 ORIDUN CAPITAL MANAGEMENT - X2461 6089 OYEKANMI TEMITAYO ABOSEDE X X2462 6091 PARTNERSHIP INV CO/ECOBANK

NIG PLC-TRDNG- X

2463 6094 POPOOLA OLUBUSOLA EMILY X X2464 6097 OWOLABI OLUFUNKE RASIDAT X -2465 6103 MAKINDE AZEEZ ADENIYI X X2466 6106 MEGAWEALTH LIMITED - X2467 6107 OBIDIGBO SUNDAY SAMUEL X X2468 6108 MENSHA SAMUEL KWAME X X2469 6112 NJOKU EUNICE CHIOMA X X2470 6113 NNAJI UCHECHUKWU GOD’SWILL - X2471 6115 NWOKOLO STELLA X -2472 6116 NWOSE THOMPSON CHUKWUDI X -2473 6118 OBAYOMI ADEOLUWA ONAARA - X2474 6121 IBOK MARY AFAHA X X2475 6124 IFELODUN CAMS LIMITED - X2476 6125 IGHODALO PETER UKPEBOR - X2477 6128 IKOKWU CHIDIOGOR X X2478 6129 IKUBOR UCHE - X2479 6133 ABAH UCHECHUKWU JONAS - X2480 6134 JEGEDE ADEMOLA ANTHONY X X2481 6135 ZENABU YAKUBU X X2482 6143 OFFOR ANGELA IFEYINWA X X2483 6145 OGOBEGWU STELLA ALERO - X2484 6148 OGHALI CHUKWUKA CHUKS X X2485 6149 OJI EMMANUEL ONU - X2486 6153 OGUNGBESAN DARE EMMANUEL X -2487 6154 ODUYIGA JOSHUA KOLAWOLE X -2488 6155 ODUSINA OLAYINKA S X X2489 6157 OKEGBOLA OLUWOLE GABRIEL - X2490 6158 OKEKE VINCENT NNAEMEKA - X2491 6162 OKEAGU IGNATIUS OKANANDU - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

2492 6164 OBIRE E. GLORY X X2493 6168 ALUKO BOSEDE KEMISOLA - X2494 6170 AKINREMI JIDE FOLORUNSO - X2495 6171 BELLO EMMANUEL IBITOLA X -2496 6174 AKODAOLU SAMSON ABAYOMI X X2497 6175 USMAN ABUBAKAR ILIYASU X X2498 6176 ADETUNJI ADESOKAN ELIJAH X X2499 6179 OLANIYAN ADEMOLA ADELODUN X X2500 6182 AROWOLO MONSUR OLADIPUPO - X2501 6183 OSHIN OLUSEYI OMOTOLA - X2502 6184 DADA OLAWUNMI KAFAYAT - X2503 6186 AKINLABI OLUWASEYI EMMANUEL X X2504 6188 OLADEPO MONSURAT BOLAJI X X2505 6192 ABIOYE DORCAS OMODELE X X2506 6194 IBRAHEEM TAJUDEEN GBADEBO - X2507 6195 AKPEJI MONICA YETUNDE X X2508 6197 ODUNMBAKU KOLAWOLE

OLUWATOSIN- X

2509 6198 AKPEJI AUGUSTINE AYODELE X X2510 6200 AKPEJI STELLA OMOBOLANLE X X2511 6202 AKINTUNDE OLUWASEUN - X2512 6212 AKINWALE TAWFIQ TAYO - X2513 6218 EBUEHI STEPHEN OSAGIE

WILLIAMSX X

2514 6221 JIBRIL ABDURRAHMAN HASSAN X -2515 6222 HOFLICH PATIENCE NORA X -2516 6223 ABALI ISAIAH ORJI DR X -2517 6225 ABDU ADAMA PINADO X X2518 6228 ABDURRAHIM ABDUL X -2519 6233 ADENIYAN OLUFEMI ADEOLA - X2520 6235 ADESULURE ROSEMARY MODUPE X X2521 6237 ADEYANJU AJIFOLAWE OLAITAN X -2522 6239 ADEYEMI ADEDOJA ALABA - X2523 6241 AFONNE JOSEPH-CHUKWUEMEKA X X2524 6242 AGBAEGBU NNAMDI X X2525 6246 AIGBIREMHON FELICIA OSEMEATA - X2526 6248 AJEGBILE ADEBARE FOLAKE - X2527 6258 ALABEDE JONATHAN OLUSOLA - X2528 6259 ALADE GBOLAHAN A. - X2529 6260 ALADE LAWRENCE AGBOOLA - X2530 6261 ALAPOTIOWO TAOFEEK ABIOLA - X2531 6262 ALI FLORENCE KINYAR X X2532 6265 ALIDU CHRISTOPHER X X2533 6266 AMUSAN FEMI OLA - X2534 6267 ANNY-MUOJEKWU CHICHETA Q.

EMMANUELA- X

2535 6268 ANNY-MUOJEKWU CHIDIMMA NANCY PRECIOUS

- X

2536 6269 ANNY-MUOJEKWU CHIOMA GRACE

- X

2537 6270 ANNY-MUOJEKWU TRACY - X2538 6271 ANNY-MUOJEKWU UCHECHI

JOYCE MERIT- X

2539 6272 ANOINTED FEET PRIVATE SCHOOL X X2540 6273 ANSARI RUTH X X2541 6276 ATITEBI OMOBOLADE ADEOLA X X2542 6285 CHUKWU EVELYN CHIBOGU X X2543 6287 DAODU OLUWAFUNMILAYO

ATINUKE- X

2544 6290 DIMKA EZEKIEL GOTOM X X2545 6291 EDUN ABIODUN OLATUNJI - X2546 6292 EJIMNKEONYE MARY-ANN OLUCHI - X2547 6296 EMIOLA TEMITOPE ABIMBOLA - X2548 6301 EZEKA MARTIN CHUKWUNONYE X -2549 6307 FEM INTERLINKS VENTURES X X2550 6309 HABEEB HAJIA RAIHANATU X X2551 6317 IFELODUN CAMS LIMITED - X2552 6318 IGWE EUGENE IKPENDU - X2553 6320 IKPI SUNDAY OKOI - X2554 6321 IMONDE JIM IKWUOCHE - X2555 6323 INYANG ESSIEN B. X -2556 6327 JEBODA SOJI X X2557 6333 KOLLERE AHMAD USMAN - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

2558 6334 KOMOLAFE ORIYOMI ADEYEMI X X2559 6337 MAAJI HADIZA MOHAMMED - X2560 6338 MADU EMMANUEL IFEANYI X X2561 6340 MAHMUD FAIZA - X2562 6341 MAHMUD SHEHU - -2563 6342 MAIYARA MOHAMMED BELLO - X2564 6344 MIVANYI JAMES MUSA - X2565 6345 MOYO-FALAYI MOFIYINFOLUWA

EMMANUELX -

2566 6346 MOYO-FALAYI MOFOGOFOLUWA X -2567 6347 MUDI HAFSAT - X2568 6348 MUSA YUSUF ALIYU X -2569 6352 NIGERIAN INTER. SEC-TRADED-

STOCK-A/CX -

2570 6353 NWACHUKWU JERRY EJIKEME - X2571 6359 ODUNTAN LANRE HASSAN X -2572 6360 ODUSANYA ODUFUNMILAYO

OLUWAKEMIX X

2573 6367 OJEI FAITH NGOZI X X2574 6369 OKECHUKWU IFEYINWA UGONNA - X2575 6371 OKOEGUALE ELOMHENSEBHOR

GLADYSX X

2576 6372 OKONGWU VICTOR NNAEMEKA - X2577 6373 OKONKWO LINUS ODINAKA X X2578 6374 OKONKWO NZUBE DOMINIC - X2579 6375 OKONTI ANWULI GREAT - X2580 6379 OLADAPO OLUWASEUN TEMITOPE X X2581 6382 OLAWALE ISAAC WALE-AWE X X2582 6383 OLUKOYA OLUFEMI ABIDEMI

JOSEPH- X

2583 6386 OMOKHUA AUSTIN X X2584 6387 ONAH STANLEY CHIDIMMA X X2585 6393 ONUNWA OLUCHI GIFT X X2586 6394 ONWUKA BENJAMIN NNAEMEKA - X2587 6396 ONYEKWERE CHUKWUNONYEREM - X2588 6397 ONYEMAOBI ANAYO BENJAMIN - X2589 6398 OSAGIEDE BRIGHT X -2590 6399 OTI STEPHEN OBIOHA CHUK-

WUEMEKAX X

2591 6401 OYELAKIN ADEKOLA OYEDELE - X2592 6404 PDC GLOBAL SERVICES X X2593 6406 POPOOLA SHERIFAT TAIWO - X2594 6407 REWANE OMAJOLONE ARAYUWA X -2595 6410 SAM CHRISTIANA JOHNSON - X2596 6413 SANI IBRAHIM X X2597 6414 SANTRUST SECURITIES

LTD-DEP A/CX X

2598 6415 SEEDTIME EQUITY FUND - X2599 6416 SIKOKI IKANKUMO MOSES - X2600 6423 TEWOGBOYE ABAYOMI ERIC - X2601 6425 UDOH SUNDAY NNAEMEKA

LIVINUS- X

2602 6426 UGO HELEN UZOAMAKA - X2603 6427 UGWU LIVINUS EJIKE X X2604 6428 UKOGU CLEMENT IKECHUKWU X -2605 6430 UNITY SISTERS CITY MISSION X X2606 6432 WAZIRI AHMADU MAN X X2607 6433 WAZIRI MOHAMMED BABA - X2608 6436 CHUKWUMA ANYANWU - X2609 6437 AJA KALU X X2610 6438 UGWU OGOCHUKWU ADA - X2611 6440 BOBBOI A. AHMED X X2612 6441 AHMED ALHASSAN D. - X2613 6443 OKEKE JESSY EKWUTOSI - X2614 6450 IFUKWU UJU OGONNA X X2615 6453 UBA ONYEKA C. - X2616 6459 JASPER SAMUEL MSHELIA X X2617 6463 AKWAKWA EFE JOHN X X2618 6464 ARAOYE CHRISTIANAH OLABISI X X2619 6465 OLAWOYE KOLADE - X2620 6466 OLOWOGORIOYE VICTOR X X2621 6467 WILSON CHUKWUEMEKA EGIMEN X X2622 6468 OTAMKPO PAUL CHIBUZOR - X

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 1 0 3

Page 104: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

L I S T O F U N C L A I M E D D I V I D E N DS/N

O

ACCO

UNT N

O

NAME PYT 2

PYT 3

2623 6469 OGBEBOR GODWIN OTABOR - X2624 6470 UGEGE ABHAMIEBAREKIOYA

PETERX -

2625 6474 KABIRU JINJIRI RINGIM - X2626 6476 IGOCHE EMMANUEL ECHE X X2627 6477 ODINENU VICTORIA NNE - X2628 6478 OUT FINNER MOSES X X2629 6479 OLADELE SALIU HASSAN - X2630 6481 OKE OLUWOLE (HONOURABLE) X X2631 6484 OLU-TIMA TAMUNO OLUMIDE X -2632 6487 ABUBAKAR KUNDULI MUHAMMAD - X2633 6491 BEENAT INTERNATIONAL COY LTD - X2634 6493 BASSEY CALED - X2635 6494 NWOSU AZUKA PEACE X X2636 6496 ABUBAKAR AISHA AMAIRA X -2637 6497 ABUBAKAR UDU FATIMA AMAL X X2638 6498 MOHAMMED HALIDU X -2639 6499 ABBAS RABI - X2640 6500 MOHAMMED HABIBU SABARI X -2641 6501 MAHMUD UBAIDULLAH - X2642 6502 MAHMUD MUSTAPHA - X2643 6503 MAHMUD MUNIRA - X2644 6504 MAHMUD AISHA - X2645 6505 MAHMUD YUSUF - X2646 6507 ADO SANI MAI HULA X X2647 6508 NWAFOR SUNDAY NKEMAKONAM - X2648 6512 MAAJI MOHAMMED - X2649 6513 AHMAD GHARZALI AHMAD - X2650 6514 LABARAN HUSSEYN ZAKARI - X2651 6516 AROWOROWON YUSUF OBALOWU - X2652 6517 AUWA TITILAYO BASIRAT - X2653 6519 AWUJOOLA OLUSESAN JOSHUA X X2654 6522 EQUERE MERCY NSEOBONG X X2655 6524 ELUEHIKE THERESA - X2656 6525 SANNI IBRAHIM OMOTAYO X -2657 6526 EJIMOFOR UCHE X X2658 6528 SIJUOLA RASAQ AJIBOLA X -2659 6530 TAIWO OLAYINKA OSHUNNIYI - X2660 6531 DERE WASIU ABIODUN X X2661 6537 UKATTA HENRY KEKECHUKWU - X2662 6539 TIAMIYU KAZEEM ADEKUNLE X X2663 6540 BALOGUN OYINDAMOLA OLUSOLA - X2664 6542 ADEGBOYE JAMES BABATUNDE

- OCCAM- -

2665 6543 AKPAN UKEME PETERS X X2666 6545 AFOLABI FAIDAT FOLASADE X -2667 6550 ADENIYI OLAYINKA ESTHER - X2668 6552 ADEBAYO SUNDAY - X2669 6554 ADEBAMBO OLUWATOYIN ADEBISI - X2670 6557 ABIDOLU OMOTAYO X -2671 6558 ABE ADETOKUNBO OLUSEGUN X X2672 6560 AKINDELE HAKEEM AMOO X X2673 6561 UMEJEI EMEKA LUCKY - X2674 6564 ERIBAKE TEMITOPE ORIYOMI - X2675 6565 UNANKA IRUOMA PEACE X X2676 6566 FASAMI JANET AWONIKE - X2677 6567 AGBONIBHI OSAGIE - X2678 6568 AKINNOLA OLUWADAMILOLA

OLUBOWAX X

2679 6569 ALO ADEWALE DANIEL X -2680 6570 AKAPO TAMILORE KIKILORE - X2681 6571 AKAPO DEMILADE EDWARD X X2682 6577 AKINSETE BABATUNDE ADELAKUN X X2683 6578 OBADARA PRECIOUS OLABISI - X2684 6579 MATANKARI IBRAHIM TANIMU - X2685 6580 ONI OLUGBENGA OLAKITAN X X2686 6584 OBIJURU MATINA OLACHI - X2687 6585 ODUGBESAN IBUKUN SONAIKE X X2688 6586 OBANOYEN NUSI OLADUNNI X X2689 6587 ODUNUGA OLUKEMI AFOLASADE X X2690 6588 NWACHUKWU ALLOY CHINEDU - X2691 6591 NAKWARAI JAMIL SHEHU - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

2692 6594 MATANKARI JAMIN - X2693 6596 OKON EQUERE EDET - X2694 6598 OLANIPEKUN DORCAS - X2695 6600 OLAYIOYE ADEDAYO OLAYEMI - X2696 6601 OLABODE FUNMILOLA X -2697 6604 OKORIENTA MADUABUCHI

STEPHENX X

2698 6606 OKI HAMZAT DAMILOLA X -2699 6608 OKECHUKWU IZUNNA ABEL X X2700 6612 OFFONWI EFFIONG OKON - X2701 6613 OLISA IJOMAH SAMUEL - X2702 6615 IWERIEBOR EHIEDU EMMNAUEL

GOODLUCKX X

2703 6619 OREKOYA ROBO X -2704 6621 OSUMA ESTHER VICTORIA - X2705 6622 IYILADE OLUREMI X X2706 6624 INDABAWA BASHARI ALKA - X2707 6627 GEORGE SYLVESTER J. - X2708 6628 GEORGE EMUOGHENERURU

PROMISE- X

2709 6630 OYEBODE OLADAYO SUNDAY - X2710 6632 EZENWUGO GODWIN - X2711 6634 KUTI TINUOLA DUPE - X2712 6636 LAWANI OLUDAMILOLA IBISOMI X -2713 6638 LAWAL WAHEED MOLADE X X2714 6639 JIMOH OMOTAYO RASHIDAT - X2715 6640 ORJINTA NGOZI QUEENY X X2716 6641 ORISAKWE UGOCHUKWU

LEONARD- X

2717 6645 IBRAHIM JOSEPH KAIGAMA X X2718 6648 FADAHUNSI OLUWOLE OLADIPUPO X X2719 6650 AKINFENWA OLUBUNMI TOLULOPE - X2720 6653 ADEDIRAN OPEYEMI ADEWUMI X -2721 6654 IDOWU ADEDAYO OLUSEUN X X2722 6660 MAHAMUD HAMZA SALIHU X -2723 6661 AKANUSI DICKSON X X2724 6662 OBASI ROYAL OBIOMA X -2725 6663 WILSON AMEZHI - X2726 6665 NWOSU BLESSING OBIAUJU - X2727 6667 OMOYELE OLABAMBO X X2728 6668 ADARAMAJA MOBOLAJI ABIODUN X X2729 6669 UFOMBA OKWUDIRI STAMLEY X X2730 6673 IBEKWE IFEOMA JUSTINA X X2731 6675 IBEH EBUKA EVERISTUS X -2732 6677 MAAJI MUHAMMAD MUHAMMAD - X2733 6678 MUNDU MOHAMMED MUSTAPHA - X2734 6679 MOHAMMED BASHARI X X2735 6680 MUHAMMAD MAIRO MUNDU - X2736 6682 ESIEVO SHEDRACK AKPEBE - X2737 6683 ORUKELE AVUAKPORETA JACOB - X2738 6685 JUWOBOR INIH-IVIBODOHU

DENNIS S.- X

2739 6686 KADIRI PATRICK AIGHUPUE X -2740 6688 ANTHONY CHINONSO ANTHONY X -2741 6689 MOHAMMED IBRAHIM DOTTIJO X X2742 6697 KOKORIAN JALOGHO JOSEPH

AKPOX X

2743 6698 ADAMU YAHAYA YUSUF X X2744 6699 AHMADU JA’AFARU JIBIYA X -2745 6700 ISAH BASHIR - X2746 6701 SANNI WASILAH FUNMILAYO - X2747 6703 GODSON MOSES X X2748 6704 HALLIDAY EMILIA X X2749 6705 HASSAN FAUZZIYAH OLUWAKEMI X X2750 6709 IGBOKWE UCHENNA SUCCESS X X2751 6710 IGBOZURUIKE EKENE EDWIN X X2752 6715 BUARI TESLIMAH TOLULOPE X X2753 6716 ABDULGAFAR AWWAL - X2754 6717 ABDULGAFAR HABEEB - X2755 6719 ADESANYA VICTORIA ADEOLA - X2756 6721 ADETIMIRIN OLUFEMI IYIOLA - X2757 6723 ADEWUMI TINUOLA ADEWUMI X X2758 6724 AJIMOTOKIN ADETAYO VICTOR X X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

2759 6727 AMAYE FOME FOREMAN X -2760 6728 DUROJAYE OWOLABI GBENGA - X2761 6742 EKE OGBONNA KEN X -2762 6743 BABAMA’AJI YAKUBU - X2763 6744 RABIU GBOLAGADE TIRIMISIYU X X2764 6745 OLUWABIYI OLUWAFUNMILAYO

OPEYEMIX -

2765 6746 OLUWATOLA FOLAKE ABIOLA - X2766 6748 OMOTOSHO OYEWOLE (DR) - X2767 6751 KOLAWOLE SAKA IBRAHIM - X2768 6752 OSANYIN OLATUNDUN X X2769 6753 OSENI HAKEEM OLANSILE - X2770 6756 OLUWABIYI INIOLUWA WHITNEY X -2771 6757 OYEDELE ABDULAZEEZ ADEMOLA

TAIWOX -

2772 6761 SALAMI LATEEF ATANDA - X2773 6763 SALIU ABDULFATAI BAMIDELE X -2774 6766 SOKO LAWRENCE AKPOBORIE - X2775 6769 UBAKA OKOLIE NELSON - X2776 6771 OTON CHRISTOPHER MOFFAT - X2777 6774 MGBEMEKWUNA CHUKA NNAMDI

CHRISTIAN- X

2778 6775 NWOBODO LYDIA AMALA - X2779 6777 MARTINS BABATUNDE OLADIPO

(JUSTICE)X X

2780 6780 OGUNBANJO OLUFISAN ADEMOLA X -2781 6781 OGUNFOWORA OLUMUYIWA - X2782 6784 OKOLI VICTOR IKECHUKWU - X2783 6786 OKONKWO FRANCIS OBALUM X X2784 6790 OLAMIDE OLUWATOMIWA DAVID X X2785 6791 OLORUNTOLA EDWARD TOKUNBO X X2786 6792 OLOYEDE ADELOLA JOHN X X2787 6794 KOSOKO MOHAMMED GBOLAHAN - X2788 6796 ADEYEMI RAHMAT OLURANTI X X2789 6797 ABINLEKO ISMAIL ADEWALE X X2790 6798 MAFIANA CHIEDU FELIX X -2791 6800 SALAMI OLUROTIMI GIDEON - X2792 6801 MUSTAPHA RILWAN OLADIMEJI X X2793 6802 ALAAFIN PETER ADEYEMI X X2794 6804 AMINU AMINAT OMOLARA - X2795 6805 AJISEFINNI ADEBOLA SIKIRU X X2796 6806 ABIDOYE TAOFEEK OYEKUNLE X X2797 6807 ADEYEMI MUIBAT X X2798 6808 ATANDA AJIBOYE KAYODE - X2799 6810 ABDULKARIM SANI X X2800 6811 IDOKO FAITH AISHETU X X2801 6812 DANBUGA ABDULKADIR JELANI X X2802 6813 MOHAMMED LAWAN X X2803 6814 KAZAURE ADAMU MUSA - X2804 6817 UBA PLC/DE-LORDS SECURITIES

LTD- TRDNG- -

2805 6822 ADEYEMO ADESOLA ALEX X X2806 6823 OHAZURUME SUNDAY MICHAEL X X2807 6824 BINDAWA JUNAID SANI - X2808 6826 EGBE EMEKA MICHAEL - X2809 6830 CAC ALABUKUN BENEVOLENT

GROUPX X

2810 6834 SANI MOHAMMED BELLO X -2811 6839 FALAYI TOMIKE X -2812 6845 BASSEY IFREKE IME X X2813 6846 OFUOKWU CHUKWUDI JOHN X X2814 6857 ARAZU VIVIAN NNEKA X -2815 6858 UGOCHUKWU STEPHEN EZUGO - X2816 6859 MALLIM PETER REZAN - X2817 6860 ORTESE BENJAMIN O. X X2818 6873 OFILI ONYEKA UCHE X X2819 6874 MADAKI JOHN YAHAYA X X2820 6880 JOSIAH DANIEL X X2821 6881 NWAENYI GEOFFREY CHUKWUDI - X2822 6882 ABDULKARIM MOSHOOD BIODUN X X2823 6885 SOBO OLUWADARE OLABAMIJI X X2824 6890 COLE OLAKUNLE IBIYINKA - X2825 6891 DUROJAYE SAMUEL SUNDAY - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

2826 6893 SEED MEDIA LIMITED - -2827 6898 HASSAN NURUDEEN OLAWALE X X2828 6899 OMOSANYA OLUFEMI SODIQ X X2829 6908 AFOLABI DELE - X2830 6915 AKINBOYE OLUSEGUN ANDREW - X2831 6917 ALLI BABATUNDE OLUMUYIWA - X2832 6919 AMOS-OSEBEYO BOLARIN-

WA-GD/M A/CX X

2833 6922 HUNDUGA AMOS KAZUGA X X2834 6926 ONWUDIANTI EMENIKE - -2835 6927 ONYEWUENYI HOPE IFEOMA - X2836 6928 IBRAHIM KAMARUDEEN OLATUNJI X X2837 6929 ODEJOBI ADEMOLA OLAGUNJU - X2838 6931 ODUMUYIWA BANKOLE ADEGOKE - X2839 6933 ONYEMATA CHARLES ENYINNAYA X -2840 6935 OGUNDIMU GABRIEL OLASENI X -2841 6936 OGUNREMI ABIGEAL ANIKE X X2842 6938 OJO SUNDAY OLUWABAMISE X -2843 6939 ODE FOLASHADE X X2844 6940 OKAFOR ONYEBUCHI

MAC-HAROLD- X

2845 6942 OKEREKE AYAH X X2846 6943 OKON INNOCENT ETIM X X2847 6944 OKORIE ERNEST - X2848 6945 OLANREWAJU AKEEM X X2849 6946 OLORUNTOLA FUNMILAYO FAUSAT X X2850 6947 OLOWOOKERE TAWAKALITU A X -2851 6948 OLOYEDE ISRAEL OLUSEGUN - X2852 6949 OLUWOLE ABIODUN FRANCIS - X2853 6950 ONAKOYA DORCAS ABIODUN - X2854 6953 KADIRI ABEL X -2855 6954 MAFEM VENTURES (NIG) LTD - X2856 6956 NWAGBO JOSEPH - X2857 6957 PAIMO OLUKUNLE JOEL - X2858 6963 OPADIRAN TUNJI - X2859 6967 DAVID DANIEL X X2860 6968 OSHO OLUWAFEMI OLUWASEUN X X2861 6972 ADEWUNMI STEPHEN AYINDE - X2862 6973 ABK GOLDEN PROFILE LIMITED - X2863 6975 AWODOYIN OLUWATOSIN

IFEDOLAPOX X

2864 6977 ADIGUN OMOWUMI T. X X2865 6978 ATUNNISE ADETOLA FAVOUR - X2866 6979 AKINWANDE MOSES FOLORUNSO X X2867 6981 OLUKOREDE OLAIDE HONOUR - X2868 6982 THIKAN PETER TAMARAEMI X X2869 6985 MRABURE CHARLES OGHENOVO - X2870 6986 ACHILIKE PIUS X -2871 6987 IBRAHIM MUSTAPHA - X2872 6992 MARTINS BABATUNDE OLADIPO

(JUSTICE)- X

2873 6993 OLAJIDE PRINCESS OPEYEMI X X2874 6994 ALAAFIN PETER ADEYEMI X X2875 6995 MUHAMMAD HABIBA H. - X2876 6999 OGBUAGU DANIEL JOSEPH - X2877 7000 MUHAMMED RAHMATU X X2878 7002 OYIBOKA EDITH NDIDI X X2879 7004 ONUGBA MOHAMMED BART-

HOLOMEW- X

2880 7005 OLAMIDE OLUWATOMIWA DAVID X X2881 7006 KOSOKO MOHAMMED GBOLAHAN - X2882 7015 UKPAKA NJAMINA INTERNA-

TIONAL LTD- X

2883 7019 OYERINDE OLUWAKEMI TITILOLA - X2884 7021 ISAH ANNATTE - X2885 7025 ZADOK PRINCE ABIATHAR - X2886 7037 ANENE KENNETH CHUKWUEMEKA - X2887 7040 OMOYAKHI JOHN OMOKHAGBO - X2888 7042 AKINNUGBA ALICE UGONMA X X2889 7043 ALBABA YAKUBU X -2890 7046 NWAJEI JOY OLUCHI - X2891 7047 LONGE ADETOUN - X2892 7048 OHUNENESE JOHN X -

1 0 4 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 105: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

L I S T O F U N C L A I M E D D I V I D E N DS/N

O

ACCO

UNT N

O

NAME PYT 2

PYT 3

2893 7053 GUMUT BAMAIYI JOSEPH - X2894 7054 BELLO TAIWO HASSAN X -2895 7055 ALABI OLUSOLA IBRAHIM - X2896 7060 AKINBOBOYE WEYINMI DEBORAH - X2897 7061 GRAHAM OMENKA - X2898 7062 OLADEINDE OLUFISOLA - X2899 7065 BELLO OLUTAYO TOKUNBO MISS - X2900 7067 SANI NASIRU ALIERO X X2901 7070 OKEOWO MUFUTAU ABOLANLE - X2902 7075 OLAJIDE OLAWALE SAMUEL X X2903 7077 ORJI KEVIN IFEANYI - X2904 7078 ONYE OKECHUKWU EMMANUEL - X2905 7081 MUHAMMAD MUSTAPHA - X2906 7082 IFESOWAPO CMS LTD - X2907 7085 MUOBIKE NGOZI FIDELIA X X2908 7086 ADELEYE OLUWASEUN BETTY X X2909 7088 OLAYINKA JANET FADEKE X X2910 7089 DIYAN OLUWATOSIN OLALEKAN X X2911 7097 ADEYINKA ADEDAPO SUNDAY X X2912 7098 EKWUGHA PATIENCE CHIAMAKA X X2913 7100 MAN ANGULU & CO LTD - X2914 7101 IBUKUN OLUWA C.M.U LIMITED - X2915 7102 ATSANDA RAS CYRIL X X2916 7105 MACCIDO SAADATU - X2917 7109 UZOKA MADUABUCHI GODWIN X -2918 7120 OLORUNFEMI OLUBUNMI

ADEMOLA- X

2919 7122 ODUKOYA OLALEKAN YESIRU X X2920 7125 KELLOGS ASSET MGT LTD - X2921 7128 ONYEMAOBI CHINYERE PATIENCE X X2922 7134 NWESE ORGBU IGWE - X2923 7137 EKWUEME CHIKA CHIEMEKA - X2924 7140 EZELIORA AMAKA JULIANA X X2925 7141 OKEKE SUNNY ALEX - X2926 7147 OTABOR GODWIN NATA - X2927 7149 OZEH CHRISTIAN SUNDAY X X2928 7151 CHIME ANDREW OGBONNA - X2929 7152 MAURICE EKANEM NYONG - X2930 7153 OKWORI EMMANUEL JAMES - X2931 7155 U2 SERVICES VENTURES X X2932 7160 IBRAHIM MUHAMMAD ILIYASU X X2933 7162 LAWAL FUNMILAYO IGE X X2934 7163 ATOLAGBE VICTORIA ODUNOLA - X2935 7165 ADEGBULU ADEMOLA - X2936 7166 ESUMEH CHRISTOPHER IZU X -2937 7167 ASUENI CHARLES - X2938 7169 ALAWIYE ELIZABETH OLUWAD-

AMILOLA- X

2939 7171 ADETAYO STEPHEN ADEBAYO - X2940 7172 ADEBAYO ADEYINKA ISIAKA - X2941 7173 FINMBA ENTERPRISES - X2942 7174 ADAMSON REMILEKUN MODUPE - X2943 7175 GANIYU ABIOLA ALIYU - X2944 7177 AKPAMGBO CHARLES

OKECHUKWUX -

2945 7178 HASSAN BALA M. - X2946 7185 COKER BABAJIDE OLUSEGUN - X2947 7187 EDOBURUN SOLOMON - X2948 7195 ADESANYA ADEBAYO MAYOWA X X2949 7197 EKEANYA CYNTHIA OMONIGHO X X2950 7198 ADEJORIN ADETAYO PRINCE X X2951 7199 IZABI THOMPSON JOHN - X2952 7202 IBRAHEEM MUFUTAU AJISAFE X -2953 7204 IROEGBU RUFINA AMECHI X X2954 7205 ONOKPITE GODSPOWER OGH-

ENEVBOGAGA- X

2955 7210 OYELEYE AYODEJI JAMES - X2956 7212 OLISE ERIC JOHN I - X2957 7213 ROYAL POWER & ENERGY LTD - X2958 7215 SALAU OLUFUNMILAYO IBIDUN X X2959 7216 SHOEWU ADEBIMPE X -2960 7217 SHOEWU OLUWARANTI X -

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

2961 7218 SHOLARU OLUTAYO - X2962 7219 SOLID KAY ENTERPRISES - X2963 7220 SUNMONU TEMITOPE TAYO X -2964 7221 TOBILOBA DELE - -2965 7222 TORO IGHO SAMSON - X2966 7223 UZOH JUDE AZUBUEZE - X2967 7227 LAWRENCE OLUYOMISOLA

ANTHONIA- X

2968 7228 MARYMOND INVESTMENTS LTD X- -2969 7230 MALOMO OLAYINKA SAMUEL - X2970 7233 OLATUNJI CHRISTIANAH MRS - X2971 7234 LIASU QUADRY OLUWASEUN X X2972 7235 MIKETONAL GLOBAL CONCEPT

LIMITEDX X

2973 7237 JUBRIL AMINU BABATUNDE X -2974 7239 ABDULGAFAR ABDULHAFEEZ - X2975 7248 OKIKA JOSEPH - X2976 7253 AKINYEMI MORUF KEHINDE X -2977 7256 AREO ABRAHAM BABATUNDE - X2978 7257 LASISI OLAIDE SAHEED - X2979 7259 PANCHIRI FRANCIS MEDU X X2980 7262 AJAYI KEHINDE OLUWATOYIN X X2981 7370 ADUBU-AYENI TAIWO AARINOLA - X2982 7377 AGBABIAKA HABIBULAI AKINOLA - X2983 7383 AKINMAMEJI JAMES TAIWO X -2984 7388 EMMANUEL KINGSLEY EYINE-

CHUKWUX X

2985 7392 TARZAAN GIDEON TERFA - X2986 7396 GBADEGESIN MUTALIB OLAKUNLE X X2987 7397 NDUKA NWADIKE ABEL X X2988 7401 ADENIYI TOLANI ALADE X X2989 7404 ADEBISI RACHEL TITILAYO - X2990 7408 KOLADE OMONIYI X X2991 7410 ABDULKARIM JIDDA X -2992 7411 ORIZU GRACE CHINYERE - X2993 7414 SALIU IBRAHIM OSIKEAMHE X -2994 7415 OBIAJULU IKECHUKWU SAMUEL - X2995 7418 OKONKWO GILBERT EZECHIMA N - X2996 7423 IMASUA NICHOLAS NGOZI - X2997 7430 OFFEH BLESSING X X2998 7431 UDEZE VICTORIA CHINENYE - X2999 7432 UDEZE UCHENNA MARYLAND - X3000 7433 UDEZE MARYJANE CHIEMERIE - X3001 7434 UDEZE PASCHALINE AMALA - X3002 7435 OFOMATA NKEMJIKA GLADYS X X3003 7437 SANNI ABDULFATAI ADEKUNLE - X3004 7438 OJO EMMANUEL OLUYINKA X -3005 7440 MUSTAPHA AUDU X X3006 7442 NJOKU EDMUND UZOMA - X3007 7444 EGUNJOBI EMMANUEL OLU-

WADAMILARE- X

3008 7447 GBAFE RICHARD ABOLARINWA X X3009 7449 OYEBODE ADEMOLA VICTOR X X3010 7450 NWANKWO OBINNA CHARLES X X3011 7451 OSAKUE JOHN EVBAKHAVBOKEN X X3012 7453 FADEYI OYEDEJI X X3013 7460 OKEDARA OLATUNDE X X3014 7461 FAKAN IBIYEMI OLUWAYEMISI - X3015 7470 STSL WEALTH MGT SPECIAL A/C - -3016 7474 LIKEMINDS BUSINESS SOLUTION

LIMITEDX -

3017 7491 MOMOH OLAYINKA KUBRAT - X3018 7507 ADELEKE BABATUNDE ABAYOMI - X3019 7509 NKEMDIRIM CHIDI MOREAN - X3020 7514 AMOO TOPE SALIU - X3021 7534 BAKARE PANIAGUA DAMILOLA X -3022 7556 BAKARE FAUSAT OLAYEMI - X3023 7572 OLASODE BABATUNDE J

(DR&DR MRS)- X

3024 7586 IBRAHIM YARO MUHAMMAD - X3025 7611 KUDAISI AYODELE SARAT - X3026 7665 OLAYEMI RICHARD ADENIYI - X3027 7666 OFOR ODINAKA BRIGHT X -

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

3028 7678 LAWAL TAIWO OLUFEMI - X3029 7697 AKOREDE OPEYEMI SULAIMAN - X3030 7702 AKINBOBOYE OLUWABANKOLE

KOLAWOLE- X

3031 7709 KAYODE IBIRONKE MODUPE - X3032 7713 OBOTT USEN N. FRANK - X3033 7714 ADEDAYO RAPHAEL GBENGA - X3034 7715 ODUKOYA ABAYOMI X X3035 7717 NWAJEI UCHE - X3036 7719 ATOYEBI OLUWASESAN GABRIEL - X3037 7720 ADEGBITE ADEYEMO OLAYINKA X -3038 7721 OGBECHIE EMMY - X3039 7723 LAWAL WAHAB FARAYADE - X3040 7724 MOMOH OLAYINKA KUBRAT - X3041 7730 OGOEGBUNEM STEVE KAIN-

ALIO-OSE- X

3042 7733 ABAWA ABDULLAHI ALIYU - X3043 7736 JIMOH SODIQ ADESOJI - X3044 7740 ADELEKE BABATUNDE ABAYOMI X X3045 7742 NKEMDIRIM CHIDI MOREAN - X3046 7746 ADEWOLE SOLOMON FELIX X -3047 7747 AMOO TOPE SALIU X X3048 7748 AKOLO ABIODUN EMMANUEL - X3049 7754 NWOYE EUNICE UCHE X X3050 7756 AJOLOKO IDOWU OLAWALE X X3051 7757 AGHEDO ANTHONY BLESSING - X3052 7760 EGBUTU BONIFACE CHUKWUMA - X3053 7762 OJEI-DAVID CHUKWUDUMEBI

THERESA- X

3054 7765 DAUDA MOSHOOD OLADIPUPO X X3055 7767 BAKARE PANIAGUA DAMILOLA X -3056 7768 AJEKWUENU AUSTIN NWABUISI - X3057 7769 MUHAMMED YUSUF ISAH - X3058 7770 OJEI-DAVID NGOZI BLESSING - X3059 7771 ADAMU SULE SYLVESTER X X3060 7774 NWOSUOCHA PATRICK ONYEMA X X3061 7784 OKAFOR GEORGE NCHEDO - X3062 7786 NWOKEAFOR MICHAEL CHILEZIE X X3063 7789 BAKARE FAUSAT OLAYEMI X X3064 7790 JOGUNOMI RAFIU LASISI X X3065 7791 SODIMU OLAWALE IBUKUNOLU X -3066 7797 MUSA AHMED BABANGIDA - -3067 7798 OKOCHA CHRISTIAN CHUK-

WUELOKEX X

3068 7800 ADEFILA ADEBOLA OYINDAMOLA - X3069 7803 AKRONG ABIODUN - X3070 7805 OLASODE BABATUNDE J

(DR&DR MRS)- X

3071 7806 SHONUGA DAVID OYEDELE X X3072 7808 BABATUNDE OLUWATIMILEHIN

ADEMIDEX -

3073 7809 GRASSLE ‘O CONSULTING X -3074 7811 ABDULSALAM BABATUNDE

ABDULSALAM- X

3075 7812 ABDULSALAM AYODEJI MAHMUD - X3076 7819 IBRAHIM YARO MUHAMMAD - X3077 7820 EMENIKE NJIDEKA MERCY - X3078 7822 OJURONGBE FUNMILOLA JULIANA - X3079 7823 AJOKU CHIBUZO NNAEMEKA X X3080 7825 CHIBUIKEM REX CHIDIEBUBE X X3081 7826 IHEDIKE JACOB NZUBECHUKWU X X3082 7829 BABAYARO BARAATU X X3083 7831 MASU RASAQ OLAYINKA - X3084 7832 NWAFOR PETER JACOB X X3085 7833 ALBASU ABDULRAHMAN BASHIR - X3086 7836 SANNI OLUMIDE ALAMU - X3087 7840 BABATUNDE NEE ONAADEPO

ADEJOKEX -

3088 7843 ORIADETU ADEKUNLE ISMAIL X X3089 7844 KUDAISI AYODELE SARAT - X3090 7847 OYEDOTUN JELIL SHINA X X3091 7851 FAWOLE OLUSOLA BABATUNDE X X3092 7852 EKPERIGIN VALERIE OGECHI X -

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

3093 7853 ASUZU DELIA X -3094 7856 AYANLOLA TIMOTHY AYANLABI - X3095 7857 ONYEAGBA CHUKWUJI HENRY - X3096 7858 OGUADINMA EMMANUEL ONUDI-

NACHUKWUX X

3097 7863 COLE IBIYINKA OLAWALE - X3098 7866 SALIHU AHMED ABDULLAHI X X3099 7867 UGHA BLESSING GLORIA UDOGADI - X3100 7870 IDELE KENNETH X -3101 7871 AIMS ASSET NOMINEES ACCT

1 -AIRA- X

3102 7872 AIMS ASSET MANAGEMENT NOMINEES 1

- X

3103 7874 ALABI WASIU ADEBOWALE X -3104 7875 UDOJI UGOCHUKWU KINGSLEY X X3105 7879 TIJJANI KAZEEM ADESOLA - X3106 7880 ABDULSALAM ZARIYAT OMOBOLA X X3107 7883 BADEJO ADEBUKOLA JENIFFER - X3108 7888 EGBOO CHRISTIAN EZECHUKWU X X3109 7889 THEOPHILUS MMERENWANNE

STEPHENX X

3110 7890 OLUWAGBEMIGUN ADENIKE ELIZABETH

X X

3111 7891 OKEKE EMMANUEL IKECHUKWU X X3112 7892 AKPAN ROSEMARY JUMBO - X3113 7894 GIWA KAMOL AWEDA - X3114 7897 FAD DATA CONSULT LIMITED X -3115 7898 OLAYEMI RICHARD ADENIYI - X3116 7899 OFOR ODINAKA BRIGHT X -3117 7900 AKINLADE BUKOLA KUBURAT X X3118 7902 MUSA BABATUNDE AHMED X -3119 7903 MUSA YEWANDE HALIMAT X -3120 7904 AROKOYU OLUSOLA FLORENCE X X3121 7906 BADRU FALILATU JANE - X3122 7907 OGBODO CHUKWUEMEKA MARK - X3123 7908 TURAKI SULEIMAN YAKUBU X -3124 7910 YUSUF AHMED - X3125 7921 OBAFEMI O. OLANREWAJU

KAYODE- -

3126 7929 UNIQUE FUSSION - -3127 7930 AKOREDE OPEYEMI SULAIMAN - X3128 7931 OLISEMEKA PATRICK - X3129 7933 EHIMIAGHE OIKELOME JOSEPH - -3130 7935 AKINBOBOYE OLUWABANKOLE

KOLAWOLE- X

3131 7945 CHUKWUKERE SYLVESTER CHINYERE

- X

3132 7946 ILOBINSO AUGUSTINE ETISIOBI X -3133 7947 CHUKWUEMEKA GABRIEL CHIKA - X3134 7948 KANU UCHECHUKWU ONYE-

NAPURUIBEYAX -

3135 7950 ONUOHA NGOZI THERESA X X3136 7951 THOMPSON OKECHUKWU X X3137 7952 PARTRICK ROSE ZIRRA X X3138 7953 NWANGWU HYGINUS IFEANYI C - X3139 7956 NWODOH IKECHUKWU LIVINUS X -3140 7957 ORAJIAKA MAUREEN NONYE - X3141 7961 ONUMAJURU EMMANUEL NEDUM

PRINCE- X

3142 7963 OGBUEFI NGOZI ANTHONIA - X3143 7964 NWAFOR FREDERICK IFEANYI - X3144 7966 OKEKE EMMANUEL UCHENNA X X3145 7973 OKOYE COSMOS PATRICK X X3146 7975 OKPALA JOHN CHUKWUEMEKA X -3147 7976 UMEUGOJI EHTELBERTH CHIBUIKE - X3148 7978 EZECHINYERE DONATUS - X3149 7979 UDEAGBALA OBINNA KENNETH X -3150 7980 EZEADUM HYGINUS CHUKWU-

MA EZEH- X

3151 7983 MMADUBUEZE CHIKWADO CHRISTIAN

- X

3152 7985 AGU EMMANUEL CHUKWUEMEKA X -3153 7986 KAMATA JOHN - X3154 7988 GANI ALHASSAN MOHAMMAD X X3155 7989 IGBOYI AKOH AUGUSTINE - X

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 1 0 5

Page 106: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

L I S T O F U N C L A I M E D D I V I D E N DS/N

O

ACCO

UNT N

O

NAME PYT 2

PYT 3

3156 7990 KODE PATRICK - X3157 7991 OLIKAGU CHIBUEZE ANTHONY X X3158 7993 MBAHAOTU CHIMA HENRY X X3159 7994 KPEREGBEYI OLA N. X X3160 7995 MICHAEL PETER OGHENEORUNO X -3161 7999 UDOBOR BENJAMIN DOUGLAS - X3162 8000 ENGINEERING INSPIRATION

NIG. LTD.X -

3163 8001 IHUDIEBUBE SPLENDOR CHUKWUDI

- X

3164 8002 UWALAKA DANIEL IFEANYI N - X3165 8003 UWALAKA CHIAMAKA DEBORAH N - X3166 8004 NWOKIKE IKECHUKWU OLIVER - X3167 8006 AZIONU CHINEDU RAPHAEL X -3168 8011 ZANNAH KALLI X X3169 8013 SADIQ OYIZA KHADIJAT X X3170 8014 AILOYAFEN GRACE ONOSEGBUAN - X3171 8017 EZE SAMUEL CHIBUZO - X3172 8020 OGUNDIPE ESTHER OLAITAN - X3173 8023 ABORE HAUWA UMAR X X3174 8026 ABDULLAHI HABIBU - X3175 8027 IBRAHIM MOHAMMED

MOHAMMED- X

3176 8029 ALIYU WAHIRAT MUSTAPHA - X3177 8030 BELLO MUSA JUNAIDU - X3178 8032 KELA DANJUMA JOSHUA - X3179 8033 ALAMAS MUSA NGALE X X3180 8036 OBIKA INNOCENT EMEKA - X3181 8039 HABIB NAJIB MOHAMMED X X3182 8040 MALAM SANI HADIZA X -3183 8044 IDRIS KHADIJA - X3184 8050 ALIYU YUSUF - X3185 8051 ADO YOLA ZAKARIYYA X X3186 8052 MA’AJI KAWU MUHAMMAD - X3187 8053 NWAGBALI MICHAEL CHIBUZO X -3188 8055 TITANIUM INVESTMENT LIMITED - X3189 8057 FARI IBRAHIM UMAR X X3190 8060 SAAD SAGAGI ABUBAKAR X -3191 8061 ADAMU ISMAILA - X3192 8062 KURFI HAMISU MANNIR - X3193 8063 MAIGWANJO KURFI ALHAJI

HAMISU- X

3194 8067 ALIYU MUHAMMADU - X3195 8076 AMUDA ADEKUNLE OBASANJO - X3196 8078 AINA ADEBAYO ABIODUN - X3197 8080 AKANDE ALABA DR & MRS X -3198 8082 AJANA JIMOH KELLY - X3199 8083 FAPOHUNDA BABATOPE &

MOPEOLA O O- X

3200 8084 AJAYI OLUWASHOLA MICHAEL X X3201 8086 AIYETAN BUNMI OLAMIDE X -3202 8087 AJAGBUSI BOLARINDE X X3203 8089 AINA JOSEPH SUNDAY - X3204 8090 AJAH EKEOMA X X3205 8092 ESHCOL PETROLEUM LIMITED - X3206 8093 ARIYO RAFIAT OLAJUMOKE X -3207 8094 ARCHIBONG LOUIS EDEM X X3208 8101 AMEEN MUHAMMED B A X X3209 8103 AMEEN MUBARAK AHMAD X X3210 8104 AMAO OLAJIRE OMOWUNMI X X3211 8105 ALOGBE OTHUKE EPHRAIM X X3212 8109 AKINYEMI JOSUA OJO OLUWAFEMI - X3213 8110 AKPAN ANTHONY PIUS X X3214 8112 ALABI ADIJAT OLUWATOYIN - X3215 8113 ENTERPRISE INVESTMENT

MANAGEMENT II- X

3216 8114 EZULIKE DENNIS CHUKWUDI - X3217 8115 ALOBA OLUWASEYI CALEB X X3218 8117 EZE MICHEL UMEH X -3219 8118 ETEFIA USEN TUNDE - X3220 8121 AKINBOYE KAYODE BABATUNDE - X3221 8125 IGE OLAOLUWA JOHNSON X -3222 8126 ADELEYE ADETOLA OMOLADE - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

3223 8130 ADEGOKE TEMITOPE ADENIKE X X3224 8136 YUSUF YAKUBU - X3225 8137 ADENIJI TAOFEEK YOMI X X3226 8138 IROKO IFEANYI CHUKWU X X3227 8140 JENFA PETER OLATUNJI - X3228 8143 IVEEC INVESTMENTS LIMITED - X3229 8144 ADEDIRAN IDOWU OLUSEGUN - X3230 8145 ABORODE ELIJAH A. - X3231 8147 IROH IGIRI HOPE X X3232 8148 ADEBISI PAULINA ADUKE X X3233 8149 ADEBOYE ADEJUMOKE ABOSEDE - X3234 8151 ADEDA OMOHWO MARTIN - X3235 8152 ADENIRAN OYENIYI X -3236 8154 AFOLABI OLAYEMI KAZEEM X X3237 8155 AIMS ASSET NOMINEES IIPMA - X3238 8158 ADEGOKE OLUWAYEMISI

OMOWUNMI- X

3239 8161 GRACE PERFECT TOUCH SERVICES LIMITED

X X

3240 8162 AHMODU AJARA X X3241 8165 AGBOLA CATHERINE OLUSEUN - X3242 8171 IGE FEMI OWOYEMI - X3243 8173 IGE BAMIDELE AFOLABI - X3244 8176 ADEREMI TOYIN MARY X -3245 8177 AFOLAYAN OLUSOLA - X3246 8178 ADEWALE OLAIDE SHAKIRAT X X3247 8179 ADIBITE BENJAMIN O - X3248 8181 IBRAHIM MUHAMMAD BARU - X3249 8184 ADEPOJU IYEBIYE OLUWA-

DUNBARINX X

3250 8186 ORJI UCHECHUKWU GOD’SWILL - X3251 8188 OLUWATOSIN OLUWADAMILOLA - X3252 8191 OMOTOSHO FATHIA ABIOLA X X3253 8192 OMOTOYE OYENIRAN ADEWALE X -3254 8193 OLANIPEKUN ADEBOLA OLAYEMI X X3255 8195 OLAKANLE GLORIA - X3256 8204 BUARI MOHAMMED ADEBAYO X X3257 8205 OGUNWOYE SILAS MAYOWA X -3258 8206 OJO OSARUNAMEN VICTORIA - X3259 8213 OKOLI AUGUSTINE JIDEOFOR - X3260 8215 OKONKWO PRINCEMARIO

AZUBIKEX -

3261 8218 OKOROAFOR CHIKE SOPURUCHI - X3262 8223 WAHAB ADETUNJI - X3263 8225 SOLID FOUNDATION CHILDREN

SCHOOLX X

3264 8226 SONUGA TOLULOPE BUSAYO X X3265 8234 UDEOGU NDUDIM MARTIN - X3266 8236 UGELE FESTUS PATRICK X -3267 8237 UGOCHUKWU SAMUEL AGBO - X3268 8238 UKOGU CLEMENT IKECHUKWU X -3269 8239 UKPAA KENNETH UDOBATA - X3270 8242 OTUONYE VICTORIA OMON - X3271 8243 OSENI FAUSAT ABIOLA - X3272 8247 OSOFISAN SEGUN - X3273 8249 OTIONO ELLA X X3274 8250 SOKUNLE RAUFU OLAWALE X X3275 8252 OKOCHA CHRISTIAN CHUK-

WUELOKEX -

3276 8253 OWOLABI ABIOLA OLUBANKE X X3277 8255 OYEBANDE OLUBIYI DICKSON - X3278 8258 POROKU ADEDAYO DANIEL - X3279 8260 OTOLO YEMISI ESTHER X -3280 8263 DEABODE INVESTMENT LIMITED X -3281 8267 JOHNSON A MARGARET X X3282 8269 LAWAL KEHINDE O ABIODUN - X3283 8270 KAREEM SAHEED X X3284 8277 LATIMORE VENTURES X X3285 8279 WILLIAMS USMAN DAMILOLA - X3286 8281 ATUNDE LOOKMAN - X3287 8288 EDWARD KOLAWOLE JOHN - X3288 8294 BARUWA IBRAHIM TEMITOPE X -

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

3289 8296 ESTATE OF BOB-MANUEL HELEN IBIBA

- X

3290 8297 BOLAJI STEPHEN DELE X X3291 8299 AYEWOLE ADEWALE AKINADE - X3292 8305 NWOSU CHIKODI X X3293 8307 NYOYOKO CHRISTIAN CHRIS-

TOPHER- X

3294 8308 NJOKU IJEOMA TITUS - X3295 8311 OBASANYA JOSEPHINE KEHINDE X X3296 8313 OBIOHA CHIGOZIE INNOCENT X -3297 8314 ODEGBAMI HARRISON OLADELE X -3298 8316 MOSES MBOSO SUNDAY - X3299 8318 WILLIAMS BASIT BABAJIDE - X3300 8321 MBADIWE NNAEMEKA ANTHONY - X3301 8324 ABDULLAHI AISHAH - X3302 8326 OTELE ABIOLA CHARLES X X3303 8327 OLUSEGUN OLAWALE OLUDARE X X3304 8328 ADENEKAN AYOOLA OLUWATOSIN - X3305 8329 TAYLOR TAIWO JENNIFER - X3306 8331 OLAWOYE BOLAJI MONISOLA - X3307 8332 SODIQ NOJIMUDEEN IBITAYO - X3308 8334 ONI EMMANUEL ABIMBOLA - X3309 8336 OKANLAWON OLUFUNKE

ABOSEDEX X

3310 8338 MOSURO FOLARIN X X3311 8339 AJULO JOSEPH ILORI - X3312 8347 IBRAHIM IFRAIMU - X3313 8348 UCHENDU AUGUSTINE

TOCHUKWUX X

3314 8352 WAKAMA AMAKIRI KINGDOM X -3315 8353 OHIRI DANIEL AMAECHI - X3316 8354 OPARA CHIMA JOSIAH X X3317 8356 AZUONWUN COLLINS UCHENNA X X3318 8357 FRANK PAPILL NIGERIA LIMITED X X3319 8361 DANJUMA BOBBO - X3320 8368 ABDULLAHI SULEMAN ALHAJI - X3321 8370 ABIOYE BILIKISU SHOLA X X3322 8371 ABRAHAM-AJAYI OLANREWAJU O. - X3323 8372 ABUBAKAR ALI BALA X X3324 8373 ABUBAKAR KABIRU X X3325 8376 ADEBAMBO GRACE OLUWANIFEMI - X3326 8379 ADEBISI ABIODUN CAROLINE

KENNIE- X

3327 8380 ADEBOYEJO OLAYIWOLA ALEX - X3328 8381 ADEDEJI ADEFOWOPE GBENGA X X3329 8382 ADEEYINWO OLASIJI BEN - X3330 8384 ADEKUNLE ADETAYO ADEYEMI - X3331 8388 ADESINA ADEDEJI OLAYINKA - X3332 8389 ADEWOLE OPEYEMI MATTHEW - X3333 8390 ADEYEMI WILLIAMS OLUSEGUN X X3334 8393 ADUBUOLA ATINUKE TOLULOPE X X3335 8394 AFOLABI SUNDAY IBUKUN X X3336 8396 AGENE OMOLUMEN X X3337 8397 AGHETE EDWARD FRANKIN X X3338 8398 AGUNBIADE RASHEED OLATUNJI X -3339 8399 AHMED AMINA MUSA - X3340 8400 AJA VICTOR OKO - X3341 8402 AJALA ADESOYE OYINADE X X3342 8404 AKAEZE IFEANYICHUKWU FELIX - X3343 8405 AKANBI ESTHER MOTUNRAYO - X3344 8409 AMACHREE ABIYE AUGUSTINE X X3345 8410 ANGYU SIMON ISTIFANUS X -3346 8413 ARASE GRACE MUAME X X3347 8414 AREMU TOYIN IYABO X -3348 8417 AYANLEYE ZAINAB FEHINTOLA - X3349 8418 AYODELE JOSEPH OLUSOLA - X3350 8419 BABAJIDE ISIAKA AMOO X X3351 8426 CHINWE HOPE OKEKE X -3352 8427 DAHUNSI AFEEZ AKANBI - X3353 8429 DAVID DANLADI UGBEDE X X3354 8431 DIBOR ANTHONY AMACHI X -3355 8438 EJIDE EDNA CHIZOBA - -

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

3356 8439 EKERE SAMPSON IFEANYI - X3357 8440 ELEGBEDE AMINAT OMOLOLADE X X3358 8441 ELI-TOYO & ASSOCIATE LIMITED X X3359 8443 ENWERE MCHUKS PAULINUS - X3360 8444 EROMOSELE OISEMUDIAMEN - X3361 8445 EROMOSELE OSEMUDIAMEN

EMMANUELX -

3362 8450 FALALU ISYAKU - X3363 8451 FALOPE LASISI OLUTOYESE - X3364 8454 FICM LTD - -3365 8455 FUBARA TEKENA A. X -3366 8458 GT BANK/CALYX SECURITIES

LTD - TRADINGX -

3367 8461 HARUNA KARIMATU - X3368 8462 HASSAN OLABISI SAIDAT - X3369 8464 IBRAHIM OLUWASEGUN

ABDULAZEEZ- X

3370 8466 IDUKPAYE IKPONMWOSA - -3371 8470 ILONWA KEVIN O - X3372 8471 JAMES EMEKA BABATUNDE X X3373 8472 JEJE MICHAEL OLUSOLA X X3374 8473 JIM-SIMO ENTERPRISES - X3375 8474 JOHNSON IDOWU TANIMOWO - X3376 8475 JOSEPH JAMES X X3377 8478 MACPRINCE ELIJAH A. X X3378 8479 MADUEKE AMAKA JULIET - X3379 8480 MAIGARI MOHAMMED MODIBBO X -3380 8482 MALOMO OLAYINKA - X3381 8484 MBAEGBU JULIANA CHIKA X -3382 8487 MOMOH KABIRU X -3383 8488 MUHAMMAD IBRAHIM ALHAJI X X3384 8496 NZEWUIHE IKECHUKWU KELECHI X X3385 8498 OBERABOR PETER - X3386 8502 OBISANYA FUNMILAYO OMOLARA X X3387 8503 ODIONYE AMARACHI X X3388 8506 ODUSANYA FOLASHADE

OLUWAYEMISI- X

3389 8507 OGUNBIYI OLUDARE GABRIEL - X3390 8509 OHAKWE CHINEDU FIDEL X X3391 8511 OJIMBA SEBASTINE ODIRA - X3392 8512 OJO ROTIMI RIYELE X X3393 8516 OKONKWO IKECHUKWU CHUK-

WUEMEKAX X

3394 8517 OKOROZE EDHEKA JOSHUA X -3395 8518 OKOYE ALEXANDER CHINONSO - X3396 8519 OKOYE COSMOS AKACHUKWU X X3397 8521 OKPALAKUNNE CLEMENT

NDUBUISI- X

3398 8523 OKPARA OBIOMA IKECHUKWU X X3399 8524 OKPARA SUSAN CHIGOROM X X3400 8525 OKPARAJI PETER REVERAND X -3401 8526 OKPOMU JACKSON OYINOE-

NEPERI- X

3402 8527 OKWARA HADASSAH NGOZI X X3403 8529 OKWUOSA CHUKWUNOSO X -3404 8531 OLADEJO ALIMAT MOTUNRAYO - X3405 8533 OLANIYAN ABDULRASAQ ALIYU X X3406 8534 OLAWUYI SUNDAY ABAYOMI - X3407 8536 OLORUNTOBA OLUSHOLA

FOLORUNSHOX -

3408 8537 OLOWOSUKO OLUBUSOLA OMOWAARE

X X

3409 8538 OLOWU KEHINDE ABIOLA - X3410 8539 OLUYADE JANET ADEYINKA X -3411 8543 ONABAJO OLUWASEUN

EMMANUELX X

3412 8545 ONU LETICIA IFEYINWA X -3413 8546 ONUOHA DORATHY AMUCHE X X3414 8551 OSERUVWOJA TOHWO - X3415 8552 OWOLABI WALIYU OLUWASEGUN - X3416 8555 OYEYEMI ANITA TESSY X -3417 8556 OZIGI VICTORIA ASIPITA X -3418 8559 SEGUNMARU OLUWAFEMI ISMAIL X X3419 8560 SHITTU OLALEKAN X -

1 0 6 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 107: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

L I S T O F U N C L A I M E D D I V I D E N DS/N

O

ACCO

UNT N

O

NAME PYT 2

PYT 3

3420 8563 SIDI ISHATU IDRIS X X3421 8567 SULE MANI BIRCHI - X3422 8569 TOMORI GBEMISOLA X -3423 8571 UDI EMMANUEL X X3424 8572 UKANAH SUNNY AKPAN X X3425 8573 ULOKANJO ANDY CHINEDU X -3426 8577 VERSACORP WEALTHCREATION

INV. LTD.- -

3427 8578 WALE KUKU X X3428 8584 EWULLUH UZOMA JOY - X3429 8586 MEGAFU ANYIBUOFU - X3430 8587 SORONNADI MALACHY - -3431 8588 IBEH OBIORAH EMMIANUEL - X3432 8590 OFODUM IKECHUKWU PATRICK - X3433 8591 ALIYU HAMZA ABUBAKAR X X3434 8593 ADEYEMI ADEBANJI ADEDEJI X X3435 8595 IGHODO SYLVESTER X X3436 8596 IGBOKE BENSON OGBONNAYA - X3437 8597 NWAOKACHA EMMANUEL X -3438 8598 OTABOR IVIE ROSE GODWIN X X3439 8599 OMOREGIE EFOSA X X3440 8600 OMOREGIE OSAMUDIAMEN X X3441 8601 MOHAMMED MAIMUNA X X3442 8602 ODOGE EMMANUEL OMALE X X3443 8604 AWE ADEBISI JANET - X3444 8605 EKPEMAUZOR CHINENYE

NWANDIOLE- -

3445 8606 OLURODE ADELAYO SHERIFAT X -3446 8607 EKWEALOR JOY UYO - -3447 8609 AKPAN ESSIEN EFFIONG X -3448 8610 HYELDA LAWAL X X3449 8611 IKPEYAN LUCKY OGBEVIRE - X3450 8613 IBRAHIM HAJIYA MARIAM X -3451 8618 LAWAL HYELDA X -3452 8620 ATTAMAHCHUKWU VALENTINA

OSAYEMWENREX -

3453 8621 DUDUS MOTIVE ENTERPRISES X X3454 8622 HAMISU GIDE X X3455 8624 ECOBANK/TRANSWORLD INV. &

SEC. LTD-TRDG- -

3456 8630 ADEDIRAN OLUWAFEMI SUNDAY - X3457 8631 ADEJOKUN OLUBUKOLA ADEOLA X X3458 8632 ADENOLA OLUMUYIWA - X3459 8634 ADIGWE EZEKIEL NDUBUISI X X3460 8636 AGBETUSI KAYODE TOKUNBO - X3461 8640 AJOSE OLUWATOYIN AJOKE X X3462 8644 BAMIDURO KEHINDE BUKOLA X X3463 8645 DEKPEN NICHOLAS AKPOGANJO - X3464 8649 CITY DEALS GLOBAL VENTURES - X3465 8654 ATE GIDEON ATIM - -3466 8655 ATANDA AZEEZ ISHOLA - -3467 8659 CHUKWUMALU UJU MARYLINDA - X3468 8668 OLANREWAJU ORITOMI - -3469 8669 OLATUNJI FEMI - X3470 8670 OLORUNNISOLA JOHN ADEKANMI - X3471 8673 SSCM- OFEH MAMUZOH LUCKY - X3472 8675 ONYIAGWA IKECHUKWUKA F. - X3473 8676 ORELUSI ISOLA - X3474 8679 OYEYEMI ADEMOLA - X3475 8680 OZOYA ESIGIE GREG - -3476 8683 SAMUEL PEDRO - -3477 8686 NWAFOR OMOYEMI ADERIKE - X3478 8688 ADEDIPE AMINAH OLORUNTOSIN - X3479 8691 WILLIAMS FATHIA ABIOLA - X3480 8694 MALOMO FLORENCE IDOWU

FOLASHADE- -

3481 8695 MPAMAUGO CHIDIEBERE DAVID - X3482 8697 OKAFOR MONDAY - X3483 8698 SUNMONU RASAK MAYOWA - X3484 8701 OBIECHINA ZITA CHIOMA - X3485 8702 OCHAYI ELIZABETH EHIKOWOICHO - -3486 8706 OGUNBANJO OLUWAGBEMISOLA

ADEDIWURA- -

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

3487 8707 OGUNTADE AKEEM HARDIX - X3488 8713 OLUWOLE MOSEBOLATAN

ABENIADE- X

3489 8719 CHUNDUSU DAFON ISHAYA - X3490 8720 OKUNGADE MOROLAYO ABIKE - -3491 8723 CHUKWUNETA NWAMAKA

MAUREEN- X

3492 8731 AKINTERINWA KOLAWOLE OLUWAROTIMI

- X

3493 8737 AGU MAXWELL NNABIKE - X3494 8740 OYETAYO FUNMILOLA GRACE - X3495 8741 UMEJIAKU ANGELA CHINENYE - X3496 8746 SOLANKE FADEKEMI OLUTOYIN - X3497 8749 APOESO BABATOPE OYEBOLA - X3498 8755 ADAMU SAIDU SHABBAL - X3499 8756 DELE JOSEPH - X3500 8760 OKPOMO OMUAYIFETENE FELIX - X3501 8761 KALU EMEKA D - X3502 8763 IDBPR GRACE FISH FARMERS - X3503 8765 CHUKWU VICTORIA ADAH - X3504 8768 GARBA MUHAMMAD - X3505 8780 ELEODI BENSON CHUKS - X3506 8783 OKEREKE ANGELA - X3507 8790 ALOBA BABATUNDE LAYIWOLA - X3508 8791 OBANIBI ADAMS OLORUNSOGO - X3509 8799 RASAQ TAJUDEEN - X3510 8800 SOFOLUKE SIGISMUND OLATUNJI - X3511 8807 OKUNNOWO BABATUNDE .D - X3512 8812 ADEGBULUGBE ADEBOWALE - X3513 8820 AMANARI OGEONYE CHARLES - X3514 8822 IGWE EMMAUNEL - X3515 8823 EKWONNA SAMPSON .I. (DR) - X3516 8824 DEME JOHNBULL - X3517 8826 ONUORAH SUNDAY EKENE - X3518 8827 NWOKEJIOBI IJEOMA NNENNA - X3519 8838 DAVID ILIYA LOT - X3520 8839 OKON IME EDITH - X3521 8840 ABU JAFARU - X3522 8843 OGUAMA UCHECHI BETTER - X3523 8848 ABIOYE AHMED ADEWALE - X3524 8850 AKINMULERO TAIWO JACOB - X3525 8851 AJAYI OLAROTIMI ADEREMI - X3526 8859 UCHE CHIGOZIE COSMOS - X3527 8865 OKAFOR ARINZE ONYEKA - X3528 8866 FLOJU GLOBAL NETWORK LTD - X3529 8867 UGWU MAUREEN UCHENNA - X3530 8869 YGD AND SONS NIGERIA LIMITED - X3531 8875 ITOYA SERAH - X3532 8877 NWAIBE UGOCHUKWU - X3533 8880 ADEOYE ADETOLA MORENIKE - X3534 8888 TAIWO OYINDAMOLA - X3535 8893 MOSES MARY IBABY - X3536 8894 TOPAMIDE ABIGAIL OMOWUNMI - X3537 8895 ASUQUO NYENAM BASSEY - X3538 8896 ISANGEDIGHI PETER ASUQUO - X3539 8898 BABARINDE TOLANI IJECHE - X3540 8899 ABDURRAHMAN BISHIR MAGAJI - X3541 8900 ATOYEBI KAZEEM WALE - X3542 8901 OBIEKWE CHUKWUDI JOSHUA - X3543 8905 UCHE JULIA CHINENYE - X3544 8906 AJAYI BOLARINWA - X3545 8908 OGUNBAJO ADEBOLA ABIODUN - X3546 8909 SINGERR EUNICE BOLAJI - X3547 8911 RAJI MOH’D MUHIBULLAH - X3548 8912 ONAH BENARD - X3549 8914 MOKWE CHIZOBA MARYBENET - X3550 8920 AHMADU PRINCE PAUL - X3551 8921 SANNI SIKIRU ADEBAYO - X3552 8930 ADAMU ALIYU - X3553 8934 AHMED ALIYU AMINU - X3554 8940 OLOKO HABEEB OLADAPO - X3555 8943 ADELEKE ADEBAYO ADETUNJI - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

3556 8945 NWEKE ADA - X3557 8946 YUSUF ABDUL-AKEEM BA-

BATUNDE (ALHAJI)- X

3558 8947 ABDULLAHI MARYAM. - X3559 8951 ADEBAYO GANIYAT ABIKE - X3560 8953 ADEOGUN ABDULGAFAR ABIODUN - X3561 8956 ADESUJI TOLULOPE ADEYEMI - X3562 8957 ADEYEMI OLUFEMI MATTHEW - X3563 8959 AGBAFOR BLESSING - X3564 8970 ALAGA KOLAWOLE MUFTAU - X3565 8971 ALAO ABD-AL-BAARI OMOKOLAPO - X3566 8972 ALIKU DUMBI ARTHUR - X3567 8975 ANYANWU HILARY UGOCHUKWU - X3568 8978 ARAGBUWA OLUWAGBENGA

OLUMIDE- X

3569 8984 AZODOH OBIAGELI IMMACULATE - X3570 8985 BAKO JAMILA SANI - X3571 8988 BELLO IBRAHIM ZARAU - X3572 8993 CHUKWU VIVIAN - X3573 8994 CHUKWUMA KENECHI EBUKA - X3574 8995 CONSOLIDATED INV LTD

NOMINEE A/C-2- X

3575 8996 DAHUNSI MARY - X3576 9001 EBUEHI WILLIAMS OSAGIE - X3577 9006 EYENOWO GIDEON EZEKIEL - X3578 9014 IDOGHO C. ROSEMOND - X3579 9015 IDOGHO ROSEMOND - X3580 9019 IMAM TAHIR NIG LTD - X3581 9020 ISMAIL HABIBU - X3582 9021 ISMAIL SAFIYA HABIBU - X3583 9030 MADU CYRIL CHUKWUEMEKA - X3584 9032 MAGAJI MOHAMMED HAUWA - X3585 9035 MBADUGHA CYNTHIA CHINELO

GLORIA- X

3586 9040 NWAKWUE KATERINE NKPUROMA - X3587 9042 NWAZOJIE CHISOM - X3588 9044 OBI JEROME CHUKWUEMEKA - X3589 9045 OBI JUSTIN - X3590 9046 ODEJOBI AYOBAMI - X3591 9052 ODINKEMERE CONFIDENCE

NKECHI- X

3592 9053 ODOZI CHIDI DANIEL CHIWEOKU - X3593 9055 OGBUEFI FABIAN NDUBUISI - X3594 9065 OKANOLA-BIALA AYOKUNLE JOHN - X3595 9068 OKEY GABRIEL EKENE - X3596 9072 OKOUBOH MACDONALD - X3597 9078 ONAH LAZARUS IBAGWA - X3598 9082 ORDU-OBUAH NONYE EMMA-

NUEL(PST)- X

3599 9084 OWUH JERRY OMOAREGBA - X3600 9087 SALAU BABATUNDE TAJUDEEN - X3601 9089 SANYA-ALABI OLUSANYA JULIUS - X3602 9091 SHOBOWALE SALIMOT

OMOWUNMI- X

3603 9101 UKEH ROSELYN CHINONSO - X3604 9102 UKPE LAWRENCE INOH - X3605 9103 ULAIKERE MARVIN-SHAWN

OISEIKHOJE- X

3606 9104 UMAR ABDUSSALAM - X3607 9105 UMARU AISHAT EJURA - X3608 9110 ZUBAIRU DANJUMA MR - X3609 9115 SALAKO IBRAHIM ABAYOMI - X3610 9123 ABDUL EMMANUEL OLUWASEUN - X3611 9126 AHMED MUNZALI ABDULLAHI - X3612 9131 IGUNBOR EGHOSA - X3613 9132 FOLAMI ADEBUKOLA - X3614 9136 BAKARE ADEBISI OLUWAYEMISI - X3615 9137 OBIKE IKECHUKWU & ROSEMARY - X3616 9138 NGOKA ZION NZECHINYERE - X3617 9141 JOSEPH CHIKA DENNIS - X3618 9145 FAYEDUN JULIANAH RANTI - X3619 9147 J P NOMINEES LIMITED - X3620 9149 DIKE SMART NNAMDI - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

3621 9150 MAYALEEKE NASIRU ADEWUNMI - X3622 9151 MAYALEEKE HIDAYAH OLUBUNMI - X3623 9154 AJAEZU FELIX AMAECHI - X3624 9155 YAKUBU JENNIFER - X3625 9159 KASALI MUJIDAT ANIKE - X3626 9160 DEGIRI AUGUSTINE AKPOLE-

BABARI- X

3627 9162 OKAFOR KINGSLEY CHIDI - X3628 9164 NWANKWO FREDRICK CHIDI ELIAS - X3629 9166 DADA OLUMIDE IDOWU - X3630 9167 OKOH O. AUGUSTINE - X3631 9170 IWUNDU ONYEKACHI ELEAZAR - X3632 9172 BASSEY OMINI EKPO - X3633 9177 OTALOR JACKSON EMEKA - X3634 9179 OBASI JOHNSON CHINONSO - X3635 9180 WAZIRI BABAGANA MOHAMMED - X3636 9181 OMITOLA OLUFEMI GBENGA - X3637 9184 ADEGBITE OLUYEMI FADEKEMI - X3638 9186 ADEDEJI RONKE RUKAYAT - X3639 9195 AWOTUNDE ADEGOKE ABEL - X3640 9200 ALAGBAOSO CHIDUBEM GERALD - X3641 9203 OBIEFUNA NNEKA - X3642 9206 UCHEKWE STANLEY OBUNIKE - X3643 9211 MORAKINYO JOHN OLUWA-

TIMILEHAN- X

3644 9212 WILLIAMS-MORDI TAMUNO LIAN - X3645 9213 ADEOYE ESTHER AYO - X3646 9216 DAHIRU MUSA GADAS - X3647 9218 NSOFOR LAWRENCE NNAEMEKA - X3648 9219 ABDULKADIR AMINU WADA - X3649 9221 MOHAMMED ABDULLAHI - X3650 9224 OLATUNDE MUTMAINAT TOPE - X3651 9225 DERE HAIRAT WURAOLA - X3652 9226 OLATUNDE MUKTAR AYOMIDE - X3653 9227 OLATUNDE MUTALLIB KAYODE - X3654 9228 OLATUNDE MUSHARAF

BABATUNDE- X

3655 9229 DEJI-LOGUNLEKO AMINA OMOKHOMO

- X

3656 9233 EGBELEYE ADEYINKA ABOSEDE - X3657 9234 EDEOGHO SYLVANUS - X3658 9243 ADEYEMI ALBERT ADEYINKA - X3659 9246 UDEZEH FRANCISCA CHINONYE - X3660 9248 ALOBA DAMILOLA MORAKINYO - X3661 9259 OSINNUSI ADELAJA HAKEEM - X3662 9262 OHWORHUADJEKE HELEN - X3663 9263 POPOOLA NOJEEM OLALEKAN - X3664 9266 OKESON PAUL NWORA - X3665 9267 OLUGUNWA BABAFEMI OLUWOLE - X3666 9269 OLUYOLE OPEYEMI MUINAT - X3667 9270 OMOLE OLUWOLE AYODOTUN - X3668 9275 MARTINS TEMITOPE - X3669 9278 NJOKU CHRISTOPHER CHUK-

WUEMEKA- X

3670 9280 SHOMORIN OLUYEMI ADISA - X3671 9281 ODOGWU SANDRA NWAKA - X3672 9283 OBU DAVID UDANYI - X3673 9286 OWOSEKUN ADEWUNMI ADEOLU - X3674 9289 OYETUNDE ANTHONY OYEDEJI - X3675 9290 ADEOGUN MARIA FUNMILAYO - X3676 9291 LONGE OLAYINKA HAMMED - X3677 9293 ORANMIYAN 007 CONCEPT - X3678 9298 KALU FRANCIS CHUKWUMA - X3679 9301 BENNIBOR SHIONO ALLEN (MR) - X3680 9302 RAJI JULIUS OLUWASANMI - X3681 9311 ALOBA BOLANLE - X3682 9315 EARLSWOOD MANAGEMENT

SERVICES LTD- X

3683 9316 GANIYU SHEHU KADIRI - X3684 9318 ICONIC SOLUTIONS LTD - X3685 9319 ILOANYA JONATHAN MADUABUCHI - X3686 9320 JOHN MARIA JULIET - X3687 9322 KEMABONTA KEHINDE - X

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 1 0 7

Page 108: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

L I S T O F U N C L A I M E D D I V I D E N DS/N

O

ACCO

UNT N

O

NAME PYT 2

PYT 3

3688 9324 LAYONU LEKAN - X3689 9325 ODUSHOLA SURAJU ADELEKE - X3690 9329 OKEKE DANIEL ONYESO - X3691 9332 OLADIRAN OLADAPO - X3692 9342 TSEGBONE ORITSUWA GODFREY - X3693 9349 ADEJUWON KAYODE STEPHEN - X3694 9350 ADELAJA ADETOLA ADEWUNMI - X3695 9357 AJAO MOSUDI AYINDE - X3696 9365 AYODELE MATTHEW AREMU

AYOBAMIDELE- X

3697 9366 BALOGUN SAHEED ABIODUN - X3698 9373 EJEZIE AFAMEFUNA TONY - X3699 9381 IKECHUKWU SUNDAY - X3700 9385 JONAH PETER KWALA - X3701 9386 KENNETH OBEKE - X3702 9387 KUSORO OLUBUNMI - X3703 9388 LAWAL ISMAIL DAMILOLA - X3704 9400 OGIERIAKHI MERCY - X3705 9402 OJO AKINWALE OBIYO - X3706 9403 OJUMOOLA IBRAHIM ISHOLA - X3707 9407 OKOGBUE BEN EZINWA - X3708 9410 OMOLADE ARIYO OLORUNMEYE - X3709 9412 ONOKPASA OBADORO ISAAC - X3710 9416 OYEDOKUN OLUFEMI ABIODUN - X3711 9418 REWARD NORMINEE FAOL - X3712 9421 SEIDU SIDIKAT OPEYEMI - X3713 9422 SHETTIMA TAIBU MOHAMMED - X3714 9426 ALIYU MOHAMMED JIMOH - X3715 9427 ABDUL LAWAL - X3716 9435 AKAM JOSEPH AUGUSTINE - X3717 9437 ALO ADEREMI ABRAHAM - X3718 9442 ANYIKWA ANYIKWA (CHIEF) - X3719 9444 AZUBUIKE KAMSI JESSICA - X3720 9450 EBERENDU NGOZIKA MAGDALINE - X3721 9453 ENE VICTOR SUNNY C. - X3722 9456 INECHI MACAULAY - X3723 9457 JACOB MICHEAL OSARETIN - X3724 9460 MADUAKO SAMUEL NDUBUISI - X3725 9463 NKIRI ISAAC GODWIN - X3726 9464 NWAGHA NKOLI EZINWANNE - X3727 9474 OKAFOR EMMANUEL SUNDAY - X3728 9475 OKEDARA AFEEZ AYINDE - X3729 9479 OKUKENU OLUWAFEMI ADEYEMI - X3730 9480 OLOBA OLUWAJOBA MICHAEL - X3731 9484 ORJI FAVOUR IFEOMA - X3732 9487 OSEMEAHON RANDOLPH - X3733 9488 RAHAMACORP VENTURES - X3734 9498 OGBUE GODWIN UDOCHI - X3735 9499 LADAN WUNTI IBRAHIM - X3736 9500 IHEVBA JAMES PHILLIPS - X3737 9504 OKEOMA JUDE EBERECHUKWU - X3738 9508 EKWUTOZIE ROSEMARY NGOZI - X3739 9509 ISHOLA SHEHU IBRAHIM - X3740 9510 ISHAKU YUSUFU - X3741 9511 IMO OFONIME UMOH - X3742 9512 AGBAGA ALPHONSUS KENE-

CHUKWU- X

3743 9513 AGBAGA ANTHONIA UKAMAKA - X3744 9515 AGBAGA SYLVANUS ODINA-

KA-OLISA- X

3745 9517 FAMUYIWA JULIANAH IYABO - X3746 9524 BAKARE AZEEZ OLATUNJI - X3747 9532 TOGUN MICHAEL OLUSHOLA - X3748 9538 OLAITAN OLADIPO AKINDELE - X3749 9540 OKWOR SUNDAY OMANG - X3750 9550 JOHN UWAOMA DAVID - X3751 9557 IPADEOLA ADEBAYO OLABISI - X3752 9559 OYETUNDE OLUTONI - X3753 9560 ABANI PETER UGOCHUKWU - X3754 9571 BON-AMAKIRI CHIAMAKA

FORTUNE- X

3755 9573 DEJO PADETIN TITILAYO - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

3756 9574 EGEDEGBE GLORIA - X3757 9576 ESOMOJUMI BENSON - X3758 9586 MBAOCHA UZONDU ANDERSON - X3759 9596 OLOWU ISAKA ABIODUN - X3760 9600 OYEDIRAN DAVID YINKA - X3761 9611 YUSUF JIMOH OPE - X3762 9612 ADELANWA DAVID ADETUNJI - X3763 9613 ADENOLA OLABISI JANET - X3764 9616 AKPUNONU JOY NWANNEKA - X3765 9619 ANAZODO ROSEMARY IFEYINWA - X3766 9625 AYENI RISIKAT MONISOLA - X3767 9630 EFFIONG EKPEDEME EMMANUEL - X3768 9632 FABUNMI EBUNEYITOMI TIMA - X3769 9636 ILECHUKWU ADA HELEN - X3770 9637 LAWSON-JACK TELEMA S. P. - X3771 9638 LEGUNSEN OLUDEJI OLUMOROTI - X3772 9644 OGUN MARIA PENTHO - X3773 9646 OKOTIE ONAJITE - X3774 9647 OLAPEJU DIPO - X3775 9650 OLUYEMI AKINWALE JOHNSON - X3776 9652 OWEZIEM BRIGHT UCHENNA - X3777 9656 TINUOLU GABRIEL MOTUNRAYO

ABIOLA- X

3778 9660 UGWU AHAMEFUNA PAUL - X3779 9662 WILLAIMS IBUKUN - X3780 9663 YOLA ABDULLAHI BASHIR - X3781 9668 AKINYEMI MUYIWA - X3782 9670 ATUANYA ANTHONY TOCHUKWU - X3783 9671 AYEGBO REBECCA DAMILOLA - X3784 9673 BUARI ABIMBOLA OMOLARA - X3785 9675 EZEMA CHIGOZIE - X3786 9676 EZENYI BENJAMIN IFENNA - X3787 9684 MUHAMMED YAKUBU IDRIS - X3788 9687 OASIS AND COMMUNICATION

GLOBAL LTD.- X

3789 9691 OKEMMADU GEORGE MMADUA-BUCHUKWU

- X

3790 9693 OLATUNDE JULIANAH KEMI - X3791 9702 ADEKOYA ADETOKUNBO

NURUDEEN- X

3792 9703 ADELEYE SUNDAY LAMIDI - X3793 9722 CHIJIOKE VICTOR - X3794 9723 CHINWEZE MMADUKA ANTHONY - X3795 9726 EKUMA FRANCIS CHUKWUEBUKA - X3796 9728 EZEANI NGOZI MABEL - X3797 9733 IBE HART - X3798 9747 NNA NELSON CHIDI - X3799 9748 NNAJIOFOR FRANCIS KINGSLEY - X3800 9751 NWOSU BILIKISU - X3801 9762 OMITOGUN TEMIDAYO ABOSEDE - X3802 9763 OMOTAYO-BENSON OLU-

WAROTIMI O.- X

3803 9767 OSUAN HENRIETTA OTASOWIE - X3804 9770 PRIMOTEKS SYSTEMS LIMITED - X3805 9775 SOLAGBADE ADEPEJU - X3806 9780 UMUDU RITA NNEKA - X3807 9781 USMAN AHMED - X3808 9785 ABDULRAHAMAN AHMED - X3809 9786 ABIODUN FUNMI JOSEPH - X3810 9787 ADEKEYE STEPHEN - X3811 9790 ADEOTI OLADELE - X3812 9798 ALAWODE RICHARD OLUSEUN - X3813 9800 AMINU IBRAHIM - X3814 9804 ASHIRU MONSURU ADISA - X3815 9806 AYENI OLAKUNLE OLUWABUNMI - X3816 9812 CAULCRICK SAMUEL

OLUDAMILOLA- X

3817 9813 CHIBIKO GODSON ONYEJI - X3818 9818 EDEH IFEANYI JAMES - X3819 9819 EGBEDINA AKINTOLA OLADAPO - X3820 9826 GBADEBO ADELEKE SAHEED - X3821 9831 ISAAC KENNETH - X3822 9839 NWANEDO NDUBUISI ANSLEM - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

3823 9843 OBIAHUBA GABRIEL CHINYEAKA - X3824 9845 OBIGBESAN OLADAYO POPOOLA - X3825 9848 OGBOYE FIYINFOLUWA HAMIRA - X3826 9849 OGHENEMARO ENAHORO EFE - X3827 9853 OJO OLUMUYIWA - X3828 9856 OKON ESTHER - X3829 9857 OKONJI FRIDAY CHIBUEZE - X3830 9859 OLADIRAN OREOLUWA DOTUN - X3831 9870 RASAQ OLALEKAN MUMUNI - X3832 9878 UMUEZE NELSON - X3833 9879 WEWE OYINKASOLA S. - X3834 9884 UDOH EMMANUEL - X3835 9885 AFANGIDE UDUAK - X3836 9889 ILOKA JOSEPHINE UZO - X3837 9890 OKONKWO KENECHUKWU

OLUCHUKWU- X

3838 9893 UMUKORO EFETURI PRINCE - X3839 9895 IKPEKHIA OLOKHIFA WINIFRED - X3840 9896 IMOHIMI PETER AISEKHAGHE - X3841 9898 AIGBOGUN LEVIS OSARETIN - X3842 9899 COLE OMOREDE - X3843 9904 UMEH CALLISTUS EMEKA GEORGE - X3844 9905 ADENIGBA OMOTAYO TEMI-

TOPE MRS- X

3845 9906 JOGAI JONATHAN B - X3846 9909 OBIDIKE KEN -PAUL - X3847 9913 IBRAHIM MUHAMMAD MUSTAPHA - X3848 9915 OLUBIYI OLUBUSAYO AKINYELE - X3849 9921 ANIKE EMEKA PAUL - X3850 9922 ANOZIE DOMINIC - X3851 9924 AZUBUGWU EUNICE CHINELO - X3852 9928 SANNI ALASHE RASIDI AINA - X3853 9929 CHIMEZIE NGOZI - X3854 9935 UNUIGBOKHAI EMOHIOMEU - X3855 9947 AGBO DANIEL - X3856 9953 OGUNTOYE OLALEKAN OLU-

WASEGUN- X

3857 9957 OLAWUYI ABIDEMI TITILAYO - X3858 9965 ONYELEONU OBIAGELI - X3859 9970 IBRAHEEM-ALABI IKRAM OLU-

WATAMILORE- X

3860 9972 IBRAHEEM-ALABI IMAN - X3861 9982 ROCKGASBY PLUS - X3862 9983 ODERINDE TAIWO AKINLOLU - X3863 9984 NONSO ONWUZO - X3864 9989 ADEGOKE BASHIRU - X3865 9993 AFOLAYAN SUNDAY ANTHONY - X3866 9994 AGBU FRANCISCA EBILI - X3867 9998 AIYEDOGBON SAMUEL AJAYI - X3868 9999 AJAKO JULIANAH OLAJUMOKE - X3869 10002 AROMIRE ARAMIDE - X3870 10005 BOSSEY FRANCIS EGBHATSE - X3871 10007 DAUDA YINUSA ADISA - X3872 10013 FUND MANAGEMENT SECURITIES - X3873 10017 IMOHIMI RUTH REKHIA - X3874 10018 IMOHIMI SOLOMON OHI - X3875 10021 ITALUME JOHN IKHIANOSIMEH - X3876 10023 KATE NWUBA - X3877 10024 KAYODE SALAU - X3878 10028 NWOKO JOY AJUMA - X3879 10031 OKAFOR LETICIA AMUCHE - X3880 10033 OKOJIE MARY - X3881 10036 OKORO PRISCILLA UGOCHI - X3882 10044 ONYERIKA EMEKA KENNEDY - X3883 10046 OSEMENAM CHUKWUDI KINYAN-

JUI NWABUEZE- X

3884 10047 OSUNSINA ADUNFE ISMAIL - X3885 10050 OYEWALE ABDULRASHEED

OYELOLA- X

3886 10056 UPUUH GBAKAAN GODWIN - X3887 10057 UZOIGWE MICHAEL - X3888 10059 ZAKARIYAU HABEEB - X3889 10065 ADESANYA ADEBISI ADESOLA - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

3890 10068 AHMAD LAWAL A - X3891 10069 AHMED SAID - X3892 10070 AJOMAFUWE BEANICE IGBRUDE - X3893 10071 AJOMAFUWE GIFT - X3894 10072 AJOMAFUWE MABEL - X3895 10073 AJOMAFUWE PRECIOUS - X3896 10075 AKINTADE HELEN OMOWUNMI - X3897 10079 AMU CHARLES AGBOLOGA - X3898 10084 DAUDA S MAINA - X3899 10088 EZEDINUGWU JOSEPH IFEANY-

ICHUKWU- X

3900 10090 IGBOSANYA OLUYEMISI KEMI - X3901 10091 IGBRUDE AJIRIOGHENE MILLER - X3902 10092 IGBRUDE EFE MILLER - X3903 10093 IGBRUDE EMAKPO - X3904 10094 IGBRUDE ESTHER - X3905 10095 IGBRUDE JUSTINA - X3906 10096 IGBRUDE MARGARET - X3907 10097 IGBRUDE MILLER - X3908 10098 IGBRUDE OKE - X3909 10099 IGBRUDE OMOGHENE MILLER - X3910 10101 IMIDO FAVOUR - X3911 10102 LOKO VICTORIA - X3912 10103 MAINA D BAKALI - X3913 10104 MAINA D DEBORAH - X3914 10107 NANSHAP ESTHER - X3915 10108 NANSHIP RICHARD - X3916 10109 NNEJI ANN IFEYINWA - X3917 10110 NWANKWO IFEANYI BENARO - X3918 10113 OBIANIGWE IJEOMA HAPPINESS - X3919 10116 OGUNBIYI OLUDARE GABRIEL - X3920 10117 OGWO KALU OGWO - X3921 10118 OKE OLUWAFEMI ABIODUN - X3922 10120 OKOJI MAUREEN E - X3923 10124 OLUSOLA YETUNDE OPEYEMI - X3924 10125 ONOKPASA ALLEN - X3925 10126 ONOKPASA TINA - X3926 10127 ONUNKWO ADOLPHUS CHUK-

WUNONSO- X

3927 10128 ONYEOZIRI FAVOUR UGOCHUKWU - X3928 10129 ONYEOZIRI WINNER NMERI - X3929 10132 THOMAS DANIEL - X3930 10133 THOMAS JOHN - X3931 10134 THOMSA GODIYA - X3932 10138 UMUKORO JOSHUA PAUL - X3933 10139 UMUKORO RACHEAL - X3934 10141 UTOWHO JOHN B - X3935 10142 UTOWHO SAMUEL B - X3936 10145 ABOKEDE MUSTAPHA ABIODUN - X3937 10146 ADEBIYI OLUWASANMI AKANNI - X3938 10149 AGBOOLA MOYINOLUWA EYITAYO - X3939 10158 AMOS BISI MICHAEL - X3940 10169 CITYMATRIX NIG. LTD - X3941 10170 DIKE ROSEMARY - X3942 10174 ECHIGEME GOD’SPOWER BOGNOR - X3943 10177 EMUANYAKA EZENWA HENRY - X3944 10182 FRIDAY AMADASUN - X3945 10188 KENNETH CHETACHUKWU - X3946 10189 LABARAN RABIU MOHAMMED - X3947 10192 MAINA D JUMMAI - X3948 10193 MAINA D NANKIN - X3949 10194 MAMUDA ALI RABIU - X3950 10195 MGBEMENA IKEORAH MAD-

UABUCHI- X

3951 10198 NASIR HAFSAT - X3952 10199 NASIR KHADIJA - X3953 10200 NWOKEDI JENNIFER NKIRUKA - X3954 10205 OBODI ANTHONY UFUOMAEFE - X3955 10214 OWOEYE ISAIAH DADA - X3956 10215 OYEDELE ADEOLA TAIWO - X3957 10219 SALAUDEEN OLADIMEJI ISMAIL - X

1 0 8 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 109: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

3958 10220 SHOMALA OLUWADEMILADEAYO AYOMIDE

- X

3959 10224 SULEIMAN MARYAM - X3960 10226 UZOMA JONATHAN CHINEDU - X3961 10233 IJEZIE NWANNEKA EDNA - X3962 10234 ASOMUGHA TOCHUKWU GABRIEL - X3963 10236 OBIEFUNA PATRICK UZODINMA - X3964 10237 IGBONEZU IKECHUKWU DENNIS - X3965 10238 ONUIGWE IFEANYI IZUCHUKWU - X3966 10239 NWAOFUNNE EMMANUEL - X3967 10240 EBOIGBODIN OMO-OSAGIE - X3968 10244 ELETINMI SAMSON AJIBOLA - X3969 10249 OGUNBANWO ADEKUNLE - X3970 10251 NASIR BARDA HADIZA - X3971 10256 ADEWALE ONATEMOWO - X3972 10258 ADARAMEWA KAMORUDEEN

OLUSUYI- X

3973 10259 ONUOHA CHIBUEZE - X3974 10260 ALAEFULE FIDELIS ODINAK-

ACHUKWU- X

3975 10261 EZEKA MARTIN CHUKWU NONYE - X3976 10263 BELLO GUSAU ABDULRASHEED - X3977 10264 PAKI NUHU SADAUKI - X3978 10265 ABDULLAHI SALEH BINTA - X3979 10271 BALOGUN SULAIMON ABDULAHI - X3980 10276 EFI SOLOMON - X3981 10279 AJOBO TEMITOPE OLUSOGA - X3982 10282 ADEBOYE ADELOLA - X3983 10287 AGUNBIADE ADEDAYO - X3984 10291 AWODEIN OLUBUKANYO BIODUN - X3985 10304 ETEJERE EJIROGHENE - X3986 10308 ONUGHA CHARLES OTUOSOROCHI - X3987 10311 MARSHALL AUGUSTINE OKAFOR - X3988 10312 ONDOA FLORENTINE TIWALOLUWA - X3989 10317 OMIREFA OLATUNDE OLABISI - X3990 10323 FAGOYINBO BOLANLE OLUFISAYO - X3991 10331 PARAMOLE HAMED OLALEKAN - X3992 10335 OKUSANYA ABIODUN ENITAN - X3993 10341 EGUAVOEN CHARIS OSASERE - X3994 10346 DANIEL IFETOLA OLUSEGUN - X3995 10350 ABIOYE KEHINDE TEMILADE - X3996 10352 ABONYI CHARLES CHINEDUM - X3997 10353 ABRAHAM KAYODE WILLIAMS - X3998 10355 ABUBAKAR SALIU - X3999 10356 ACHUSIM CYPRIAN UDOBATA - X4000 10359 ADEKOYA OWOLABI ADEBAYO - X4001 10364 ADEOYE SAMUEL OLUMIDE - X4002 10367 AHANOTU UCHENNA INNOCENT - X4003 10369 AJANI JAMIU - X4004 10370 AJAYI ADEDIRAN GABRIEL - X4005 10372 AJEKENRENBIAGHAN TUOYO

WILLIAMS- X

4006 10374 AJIROTUTU SABAINA DOLAPO - X4007 10375 AKANDE THERESA OLUSOLA - X4008 10377 AKINGBADE TAJUDEEN

AKINRINMADE- X

4009 10379 AKINLEYE ADEBOLA ADETUTU (MRS)

- X

4010 10380 AKINOLA OLUWASEUN - X4011 10381 AKINSANYA ADEOLU - X4012 10382 AKINTADE ROTIMI EMMANUEL - X4013 10385 AKUBUILO EZEKIEL - X4014 10386 ALEXANDER JOHNSON ABIAJE - X4015 10387 ALIYU HASSAN - X4016 10388 ALOBA OYEBANJI RASAK - X4017 10391 ANYANWU CHARLES CHIMELA - X4018 10395 AROH LEONARD UZODINMA - X4019 10396 AWOLUSI RONKE MONISOLA - X4020 10402 AYYG & SONS NIGERIA LIMITED - X4021 10403 AZEEZ HAMIDU OLALEKAN - X4022 10408 BELLO MOSES OLUMUYIWA - X4023 10410 BOLOU-SOBAI BODISE LEBRUN - X4024 10411 BRAIMAH ABDULMUMINI - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

4025 10413 CHIBUZOR FRED AKOSA - X4026 10421 DARAMOLA ABIODUN

CHRISTIANAH- X

4027 10425 DURUIBE NIGERIANUS TOCHUKWU - X4028 10428 EGBOKHAN KINGSLEY OZIEGBE - X4029 10429 EJELE ITUA HELLEN - X4030 10434 ENAIFOGHE VICTOR - X4031 10440 ETUK CHRISTOPHER DOMINIC - X4032 10441 EZECHI ONYINYE ADAOBI - X4033 10449 FUTURE TRUST SECURITIES - X4034 10452 HOUNSINOU ALFRED OLUSEGUN - X4035 10456 IDOWU ARINOLA SARAI - X4036 10458 IHEME FIONA IFEYINWA - X4037 10459 IHEZIE CALISTA CHILEZIE - X4038 10464 ISAAC BRIGHT CHIMEZIE - X4039 10469 JOHNSON OMOTOLA IBUKU-

NOLUWA- X

4040 10470 JONAH INIOBONG BASSEY - X4041 10473 KALEJAIYE AYOMIDE ADEOLA - X4042 10481 LAW UNION & ROCK INS.

(LIFE FUND)- X

4043 10489 MANNIRU ADAMU IBRAHIM - X4044 10493 MIJINYAWA MOHAMMED - X4045 10496 MUNIC VENTURES LTD - X4046 10498 MUSA SALISU - X4047 10499 MUSTAFA BASHIR - X4048 10500 NDU NYEKACHI KINGSLEY - X4049 10501 NEBO CHIENYE ORIAKU - X4050 10502 NESFIED ERIM - X4051 10504 NGWUOKE EMMANUEL

ONYEMAECHI- X

4052 10506 NWAFOR IFEOMACHUKWU FELICITAS

- X

4053 10509 NWANKWO SUNNY - X4054 10510 NWORISA IMADE JULIAN - X4055 10511 NWOSU NNAMDI CHUKWUDI - X4056 10515 OBASE DEBORAH - X4057 10516 OBAZEE OSAMUDIAMEN - X4058 10522 ODOCK FRANCA ARONG - X4059 10523 OFFOR BENSON - X4060 10529 OGULEDO IKECHUKWU FRANCIS - X4061 10535 OHAJI COLLINS OGECHI - X4062 10536 OJEAH IWEDIKE HENRY - X4063 10537 OJO TIMOTHY LAWRENCE - X4064 10540 OKEKE OBINNA MATHEW - X4065 10543 OKOCHA CHUKWUEROKE JONAH - X4066 10546 OKON EKE EDEM - X4067 10548 OKOYE KING CHIBUEZE - X4068 10549 OKOYE SUNDAY ARINZE - X4069 10550 OKPA JOSEPH AGU - X4070 10553 OKPARA OBUNIKE E. - X4071 10554 OKPARA OSIMIRIN UCHE - X4072 10557 OLADIPO OLUWAKEMI VICTORIA - X4073 10558 OLADOSU OLUDARE EMMANUEL - X4074 10559 OLAOBAJU TIMOTHY O - X4075 10560 OLISEDU MONICA NONYELUM - X4076 10564 OLUKEYE LATEEF AJANI - X4077 10569 ONISOYA PRIYE - X4078 10570 ONU EUCHARIA IFEBUCHE - X4079 10572 ONUORAH JUNI PEACE - X4080 10573 ONWU EMEKA ALOYSIUS - X4081 10577 OSAWE MAGDALENE EHIMWENMA - X4082 10578 OSINOWO OYEDAYO OLUYEMISI - X4083 10581 OWOH EKPUK BROWN - X4084 10589 POSSIBILITY GLOBAL RESOURC-

ES LTD- X

4085 10590 RAYMOND MONDAY ENDURANCE - X4086 10593 SADIQ MOHAMMED FARI - X4087 10594 SADIQ SADIQ FARI - X4088 10595 SADIQ SAIFULLAH FARI - X4089 10596 SADIQ SALIM FARI - X4090 10602 SHUAIBU MUHD SIRAJO - X4091 10603 SOMORIN OYIN PROF. - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

4092 10606 SULEIMAN ISMAILA TSAURE - X4093 10609 TAIWO KASALI - X4094 10612 UJANG WOMI RAYMOND - X4095 10615 UMEJIEGO CHRISTIAN SUNDAY - X4096 10616 UNU-ORUKPE SALIMAT - X4097 10619 VICTOR-AGOZUE PAMELA

ONYEMAECHI- X

4098 10622 YAKUBU AMINA - X4099 10623 YAKUBU AMINAH ALHAJI - X4100 10626 UKWUOMA CHIOMA C - X4101 10627 ANONYE CHIBUZO BART-

HOLOMEW- X

4102 10629 OBI UGOCHUKWU L. - X4103 10631 OKOYE MICHAEL CHIKEZIE - X4104 10632 JIDEAMA UCHENNA TOCHUKWU - X4105 10639 OJO TIMOTHY LAWRENCE - X4106 10640 ARUBI UGBEM AGAMA - X4107 10642 BOLARINWA EKI - X4108 10644 EGUEVOI AIGBOKHAI ABRAHAMS - X4109 10648 OGHAGHA JOSEPH - X4110 10650 AKENOBO CHARLES - X4111 10651 NNODUECHI UCHECHI STELLA - X4112 10652 OKORIE CHIJIOKE - X4113 10654 ALASHI OLADELE - X4114 10655 YEPWI JOSEPH - X4115 10659 GEORGE SUSAN ROTDI - X4116 10662 ANYANWU LILIAN MEDLINE - X4117 10663 IHEANACHO NKEIRUKA

ROSEMARY- X

4118 10665 SAIDU KABIRU MR - X4119 10667 YUSUF OLANREWAJU SULEIMAN - X4120 10668 YUSUF RASHIDAT SULEIMAN - X4121 10670 JARI ALIYU - X4122 10672 SADIQ MAHRAZU ABUBAKAR - X4123 10682 COSTCUTTER INVESTMENT LTD - X4124 10685 ALABE NURENI - X4125 10686 AKPOBOME MARY ATUNYOTA - X4126 10688 AKINLOLU OLUWADARE - X4127 10689 AREMU AKINTUNDE JOHN - X4128 10692 ADEGUN FUNMILOLA AYODELE - X4129 10695 ANUNTU QUEENDALINE IFUNANYA - X4130 10696 AYENI IFEOLUWA RUTH - X4131 10701 OGUNBONA OLUWASEUN

OLUWAGBOHUNMI- X

4132 10704 OLAJIDE HILARY OPEYEMI - X4133 10708 OLATUNDE TITILOPE TOYIN - X4134 10711 OLADAPO VICTOR IPOOLA - X4135 10717 TAIWO SUNDAY SAMSON - X4136 10720 YUSUF M AL-MUSTAPHA - X4137 10729 MOHAMMED ZAINAB (ALHAJA) - X4138 10734 ARAGBUWA OLUWAGBENGA

OLUMIDE- X

4139 10735 OBANLA WAHEED ABIMBOLA - X4140 10736 OWOADE ADEDIWURA

BABATUNDE- X

4141 10739 SALMAN ISSA OLASENI - X4142 10743 OMENI STELLA EKENE - X4143 10744 MARTINS OLUFUNSHO BAMIDELE - X4144 10745 OLATUNJI OMOBOLANLE ATOKE - X4145 10747 EKOJA DANDY IMANCHE - X4146 10750 ADEEKO TOLUWALASE ADESEUN - X4147 10751 MUSA ANAS - X4148 10753 IGWILO FRANCES UCHENNA - X4149 10760 IBE CHIOMA - X4150 10761 UKPONG FELIX EFFIONG - X4151 10762 NNADOZIE FREDRICK CHITOO - X4152 10766 ELBAFF JAMAL ABDALLAH - X4153 10767 KOMONIBO EBIERE EMMANUELA - X4154 10768 KOMONIBO EBIOKPO DAVID - X4155 10769 KOMONIBO EBIOWEI EMMANUEL - X4156 10771 NOSIRI CHINYERE CYNTHIA - X4157 10772 OKONTA UDOKA ONYEKA - X4158 10774 OJI ADANNAYA GRACE - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

4159 10777 EDEH UCHECHUKWU PEACE - X4160 10778 NNAMANI EBERECHUKWU

PHILOMINA- X

4161 10779 EDEH NNEKA GLDYS - X4162 10782 NJOKU CHRISTOPHER IHEANYI - X4163 10783 SAMIRA ATIKU KIGO - X4164 10786 ARISE ABIMBOLA KEMISOLA (MRS) - X4165 10787 BOLARINWA ATINUKE HABIBAT - X4166 10789 EZEUKO OBIANUJU ANTHONIA - X4167 10791 DATTI USENI EMMANUEL - X4168 10795 ENWEMADU CHIEDU ANDREW - X4169 10797 GEORGE TOSIN - X4170 10799 SALIU AKEEM OMOGBOLAHON - X4171 10800 IGWE LOIS NKECHI - X4172 10802 TATUA THOMPSON DISEYE - X4173 10805 HAMILTON RACHAEL OLUFUNKE - X4174 10810 FAFOLAHAN EZEKIEL ADEKUNLE - X4175 10811 FADA AUGUSTINE NWANKPU - X4176 10812 AROWOLO LATEEF ADEKUNLE - X4177 10814 AJANI WAHAB ABIDOYE - X4178 10815 ABIDOYE MAJEED TUNJI - X4179 10816 ABIDOYE TAOFIK OWOLABI - X4180 10818 ADEBISI ADENIYI ARAUNSI - X4181 10821 ADEKOYA VICTORIA OLUWATOYIN - X4182 10823 ADETORO FEMI EZEKIEL - X4183 10826 URUEJOMA OLUWAFUNKE

DEBORAH- X

4184 10830 AJAO QASIM MAS’UD - X4185 10831 AJAYI OLUBODE JAMES - X4186 10834 AKINRODOYE ABIMBOLA - X4187 10843 AJALA ESTHER NIHINLOLA - X4188 10846 JUNAID ADEBIMPE OLUFUNKE - X4189 10855 OLADIPO JOSEPH GBADEGESIN - X4190 10865 OLUFON BABATUNDE KARUNWI - X4191 10866 OYINLOYE ADEKUNLE

ABDULRAZAQ- X

4192 10868 OSUNTUBO TEMITAYO OPEYEMI - X4193 10870 ONIWINDE ADEMOLA OLUWOLE - X4194 10875 MBUNG ATIM EFANGA - X4195 10879 ABDULGANIYU HARUNA - X4196 10880 TAIRU MOTUNRAYO RAMOTA - X4197 10883 KUDAISI MOJISOLA HABEBAT - X4198 10890 NIYI OYEMADE - X4199 10891 NNAMANI BASIL CHISOMAGA - X4200 10892 SHOFOLAHAN ELIZABETH BUKOLA - X4201 10901 OYETI BABAJIDE ABAYOMI - X4202 10902 UDOH IDONGESIT EBONG - X4203 10903 LATEEF STEPHEN - X4204 10904 UKWUEGBU ANTHONY CHIJIOKE - X4205 10908 AHMAD ADAM - X4206 10909 KOMOLAFE EMMANUEL

ADEJUYIGBE- X

4207 10910 MINA PROMISE MARK - X4208 10913 NWAOGWUGWU EZE PAUL - X4209 10915 ACHUSIM APPOLONIA EMELUGINI - X4210 10919 ADEGOKE MARGARET ADEMIDUN - X4211 10920 ADENIJI ADEBAYO OLUSOLA - X4212 10921 ADENIYI MICHAEL BAMIDELE - X4213 10925 AKANDE EUNICE OLUSOLA - X4214 10926 AKEMU FOLUKE FLORENCE - X4215 10928 AKINWANDE OLAJIDE ISMAIL - X4216 10931 ARINZE IJEOMA MARY-ANN - X4217 10938 BABALOLA OLUSOLA - X4218 10945 CLARKE EKWEOSINOMO DICY - X4219 10947 EFIKA CHIDI - X4220 10948 EKONG EMMANUEL JACKSON - X4221 10950 ERE OLALEKAN - X4222 10951 ESSOR GODWIN IBIADULE - X4223 10956 FASORANTI YEMISI VICTORIA - X4224 10957 HAFSOH A M AFOLABI - X4225 10958 HANSAF VENTURES - X4226 10959 IBIFURO PERFECT - X

L I S T O F U N C L A I M E D D I V I D E N D

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 1 0 9

Page 110: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

4227 10960 IMTIYAAZ ABDUS SAMII’U DEBAH - X4228 10961 IYAOMIYE OLORUNWA RUFUS - X4229 10962 LAWAL OLANIYI KAZEEM - X4230 10964 MUFEEDAH FARMS AND

INVESTMENTS- X

4231 10966 NDU LILLIAN - X4232 10967 NDUANYA UJUNWA IFEOMA - X4233 10968 OGUNDARE YUSUF ADEOLA - X4234 10971 OKPALA CHUKWUMA CHARLES - X4235 10972 OKPARA GODWIN CHINAZA - X4236 10973 OKUNFOLAMI TINA ADEOYE - X4237 10974 OLUKUNLE TOKUNBO - X4238 10975 OMEJE EUGENE CHUKWUEMEKA - X4239 10980 SHEHU MALLAM MIKAIL - X4240 10981 SHODUNKE ANTHONY OLUMIDE - X4241 10984 TIAMIYU AMOFE LAWAL - X4242 10986 TINUKE TADESE - X4243 10987 TRINITY SONGS OF JOY LIMITED - X4244 10988 UBAYDULLAH O T ABDUSSAMI’l - X4245 10990 UGOH CHINENYE JUSTINA - X4246 10993 UMAR NURUDEEN ABAYOMI - X4247 10994 UMARU YUSUF MOHAMMED - X4248 10995 USMAN SANI SHEHU - X4249 10996 UZOETUE SAMUEL IKECHUKWU - X4250 10997 WILLIAMS JOSHUA UBONGABASI - X4251 11000 KALU EMEABA GRACE - X4252 11002 ABDULRAHMAN A. GARBEL - X4253 11003 AKPANEKWERE ISRAEL JOSEPH - X4254 11005 ONWURAFOR OBINNA ONOCHIE - X4255 11011 UMEJIAKU GOODNESS MMESOMA - X4256 11012 UMEOZULU MERCY CHIOMA - X4257 11013 OBIEKWE ERIC UCHECHUKWU

UCHEBEST- X

4258 11014 NWOGU WINIFRED CHINYERE - X4259 11015 NDIWE EMMANUEL CHUKA - X4260 11017 EFFIONG PATRICK ASUQWO - X4261 11018 OKOGBA JOSEPHINE PREYE - X4262 11020 EKE CHIDI IREM - X4263 11021 IDUH ANTHONY AZUBUIKE - X4264 11022 BAJERE IRENE MIRURAYEHINE - X4265 11023 EDJE WARRIRUME PATRICK - X4266 11024 OKAKOR BENEDICT - X4267 11028 EKWOM OBINNA EMMNAUEL - X4268 11030 OKENNWA MODESTUS

NKEMJIK S. P.- X

4269 11032 EKWEALOR BONIFACE NWAFE - X4270 11038 IGHODARO OSAHON STEPHEN - X4271 11046 EKEIFO BAMIYO EYITEMI - X4272 11050 ADEBAMBO OLUWABUKOLA ALICE - X4273 11052 BALOGUN TAJUDEEN - X4274 11053 DURO-EMANUEL LYDIA ATINUKE - X4275 11056 CHINEKEZI DANIELA CHINAZ-

AEKPERE- X

4276 11057 BOLARINWA OLUMIDE DANIEL - X4277 11058 FOLAWEWO KAFAYAT ATINUKE - X4278 11059 BELLO RASAQ OLADIPUPO - X4279 11063 EGBEAKA TOBIAS UCHECHUKWU - X4280 11064 EHIMAGUNMWENDE EKI CHRISTY - X4281 11066 ANIMASHAUN AISHA MORADEYO - X4282 11067 ELEOGU CHUKWUBUIKE FRED - X4283 11069 ONYISHI AUGUSTINE - X4284 11071 SFS RESEARCH - X4285 11074 OLUSANYA OLUMIDE ADEYIGA - X4286 11075 OMISANJO GRACE BUSOLA - X4287 11078 OKEKE KINGSLEY EMEKA - X4288 11079 SOETAN MAYOWA MICHAEL - X4289 11084 OZIOKO MARK OKAFOR - X4290 11088 MUSTAPHA OMOTAYO ALIYU - X4291 11090 KUMAPAYI OLUWATITOFUNMI - X4292 11092 LARRY ETTAH - X4293 11096 MOMODU OLUWADEMILADE

ADRIAN- X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

4294 11098 NONJU C. GOD’SPOWER - X4295 11101 THORPE BAWO OMOTARA - X4296 11105 OLUSEGUN ALICE - X4297 11118 ABIOLA BABAJIDE A - X4298 11119 NINIOLA ABIOLA ABIODUN - X4299 11120 JIMOH OLUDARE TAJUDEEN - X4300 11121 UZOH GERALD TOCHUKWU - X4301 11122 IYANDA FOLUKE FLORENCE - X4302 11123 USMAN MOROOF-ATANDA - X4303 11124 FALOLA OLAWUMI REBECCA - X4304 11130 OKACHI CHUKWUMA - X4305 11131 ENDONI PAEBI SYNDOPH - X4306 11134 ABDULWAHAB MURITALA FARA - X4307 11136 ADEBOWALE ADETUNJI O. A. - X4308 11138 ADERETI OLASUNMBO OMOTOLA - X4309 11142 ADEYEFA OLUWAGBEMISOLA

AJIBOLA- X

4310 11143 AHMADU HARUNA ABDULKHALIL - X4311 11144 AJI OKORO UGO KIRE - X4312 11145 AKINWUSI TITILOLA MARIAN - X4313 11146 AKOSILE OLUWASEYI - X4314 11149 AMAKIRI DORCAS T - X4315 11150 AMINADOKI DAVID T - X4316 11152 ARAROMI MOSQUE YOUTH

ASSOCIATION- X

4317 11153 AZEEZ MUFUTAU ADENIYI - X4318 11156 BEKEDEREMO MORRISON - X4319 11162 DIGITAL FOTO SNAP - X4320 11164 EGBE OMO ILARA MOKIN - X4321 11167 FAJEMIROKUN EMMANUELLA

OLUWAJOMILOJU- X

4322 11168 FAJEMIROKUN MARY OLUWA-JUWONLO

- X

4323 11170 FREDRICK OKECHUKWU - X4324 11173 IBRAHIM BASIRAT T - X4325 11177 JAMES-OYINBO OLUBUKOLA

UWAYEMEN- X

4326 11178 KEHINDE TAIBAT OLAYINKA - X4327 11179 KOSIPRE BUTOUNGHA AKPOTOLU-

MU CHARLES- X

4328 11183 NEBO CHIDIEBERE LOIS - X4329 11185 NWADIKE ALOYSIUSMARY

IKECHUKWU- X

4330 11186 ODEYEMI SUNDAY OLUYEMI - X4331 11189 OGUNRINDE ARAOLUWA

OLUWAGBEMISOKE- X

4332 11195 OMOJOWO ODUNAYO - X4333 11199 OSIFESO OLUSEGUN GABRIEL - X4334 11200 OSINEYE YOMI ANUOLUWA - X4335 11205 SIGNET INVESTMENT-DEPOSIT A/C - X4336 11206 THORPE BAWO - X4337 11207 UGBAH CHIEJINE SAMSON - X4338 11209 ZARAMI BUBA ABUBAKAR - X4339 11211 F.N.C IGWE NIGERIA LTD - X4340 11214 MGBEMENA IKECHUKWU

EMMA ROB- X

4341 11215 OKOYE EBUKA HENRY - X4342 11217 EHIEDU FELIX KIMEMENIHIA - X4343 11223 AZIKIWE ABIODUN NWACHUK-

WU (DR)- X

4344 11229 FALEYE KOLAPO ALABI - X4345 11230 FAROTIMI ISAAC ADEMOLA

AYOKUNMI- X

4346 11239 ALAO LEKAN TAOFEEK - X4347 11240 ALABI YUSUF BABATUNDE - X4348 11246 ADELEKE ADERONKE RASHIDAT - X4349 11251 JOSEPH OMOTOLA OLOLADE - X4350 11253 JOHNGIFT CONSULTING - X4351 11254 ONALO PAUL OJOMAH - X4352 11255 ONWUGBENU LOUIS IZUCHUKWU - X4353 11257 OLAWANLE SAMSON - X4354 11262 SNOMI MARKIE - X4355 11268 OLUTAYO JANE O - X4356 11270 OLAWALE OMOTOLA OLOLADE - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

4357 11274 OKONJI MARIA EDAILOKUN - X4358 11278 DAHUNSI AFEEZ AYODEJI - X4359 11279 ADEWOLE ADEJUMOKE

OLUWATOYIN- X

4360 11282 OGUNRINDE BOLADE SUNDAY - X4361 11283 ADEYEFA KOFOWOROLA - X4362 11284 IDEAL NOBLE AFFAIRS - X4363 11285 ISEWON ROTIMI BANKOLE - X4364 11288 ABAMBA STELLA ISIOMA - X4365 11289 ADAMU SANI KACHALLA - X4366 11290 ADEDINI AYOKUNMI RUTH - X4367 11291 ADEFUYE OLUGBEMIGA - X4368 11292 ADENOLA DANIEL OLUWATOMISIN

TEMILOLUWA- X

4369 11293 ADIGUN MOSES ADEGBOLA - X4370 11297 AKANBI OLADELE OLADELE

ABIOLA- X

4371 11299 ALBERT VICTORIA - X4372 11305 AREGBESOLA THOMAS

BABATUNDE- X

4373 11306 AVWARURORO PETER ERERE - X4374 11307 BROWN NOEL ODOYO - X4375 11308 CHINAKA UBA - X4376 11314 FANIRAN DEBORAH TAIWO - X4377 11319 IFRAIMU COMFORT - X4378 11322 ILODUBA NONSO GERALD - X4379 11323 JIDEAMA ESTHER - X4380 11331 NKAMEME UCHE CLARE - X4381 11333 NWAORGU YVONNE NKENNA - X4382 11335 OBIANOZIE OSITA INNOCENT - X4383 11342 ORIRI GIFT EBIYE - X4384 11343 QUOTRON INVESTMENT LTD - X4385 11349 ABONYI CHARLES CHINEDUM - X4386 11352 ADENOLA JESUTOFUNMI OLAMIDE

MERCY- X

4387 11353 ADEOYE ENITAN ELIJAH - X4388 11354 ADEYEFA OLUWAGBADE - X4389 11357 AKINDE SOLA - X4390 11359 ARIBILOLA AYOTOMIWA A - X4391 11360 BABALOLA OLAYINKA JOB - X4392 11362 BENSTOWE SHADRACH OGBULU - X4393 11365 EHIRIM KINGSLEY NNAEMEKA - X4394 11366 FAJEMISIN BUSURAT NIYILOLA - X4395 11372 MGBEMENA ONOCHIE

IKECHUKWU- X

4396 11373 NWAORGU PRINCEWELL N - X4397 11381 OLATUNBOSUN KABEER AYOFE - X4398 11385 OTUNLA DAPO - X4399 11386 OYEWOLE RICHARD ALABI - X4400 11388 RICHARDS AYODEJI JOSHUA - X4401 11394 UDEMBA VICTOR CHIDI - X4402 11406 MURITALA RASAQ ADEWUNMI - X4403 11408 ISAAC IYAFOKHAI - X4404 11414 ALATISE ABIODUN OLASUNKANMI - X4405 11416 ADEKUNLE SHALEWA OLASENI - X4406 11417 NWANNUKWU UCHE AUGUSTA - X4407 11418 AJAYI OBE IFEOLUWA EKENE - X4408 11421 AGU MAXWELL NNABIKE - X4409 11423 BOLUWATIFE OPEYEMI - X4410 11424 OGUNLEYE OLABODE (DR.) - X4411 11425 ADEWOLE ADEWALE NICHOLAS - X4412 11429 ISU AGATHA - X4413 11430 ONYIA REMIGUS CHINEDU

JANNET CHI- X

4414 11431 TORRY ANIKE OMOLABAKE - X4415 11432 ANYANWU STANLEY ONYEDIKACHI - X4416 11444 ODETORO ROFIKAT ADEBUKON-

LA(NEE AINA)- X

4417 11445 OLOWO EDWARD TAIWO - X4418 11448 ADEOLA ADEMOLA LEEROY - X4419 11452 AKUTU KENNETH IKENNA - X4420 11453 AKUTU TIMOTHY EBUKA - X4421 11456 DATUGUN PETER DANLADI - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

4422 11458 IKWUETOGHU CHINONYE LOTACHUKWU

- X

4423 11461 OFUDJE B. JULIET OMAS - X4424 11462 OLUSA MICHEAL TOBAOLUWANIMI - X4425 11472 ORAETUE CHIJIOKE DENNIS - X4426 11485 ATALOR ABEL - X4427 11486 CHIABUOTU EMMANUEL NDUBUISI - X4428 11492 ADEBAYO OLUWASEGUN JOSEPH - X4429 11493 ADETUNJI SULAIMON AFOLABI - X4430 11494 AGU IFEOMA MARIA - X4431 11495 AHAMEFULE RUTH IHUAKU - X4432 11498 APEL ASSET AND TRUST LIMITED - X4433 11499 AWOTULA AYODEJI OLUSHOLA - X4434 11500 AYANGBA EBI NAOMI - X4435 11504 CHEN DAVID FANEN - X4436 11506 ENIOLA AYOKUNMI IBRAHIM - X4437 11507 ENIOLA ILERIAYO OLANIYI - X4438 11508 ENIOLA OMOTAYO - X4439 11514 OBODI UFUOMAEFE ANTHONY - X4440 11515 OBRI FRANCIS OGAR - X4441 11518 ABIMBOLA BABATUNDE - X4442 11520 ADESINA RASHIDAT OLUWATOYIN - X4443 11523 AWOSAN MONISOLA - X4444 11524 EKEKWE CHRISTIANA C - X4445 11526 NWIZU OGECHUKWU MARYANNE - X4446 11528 OMUNA-AMADI VIVEAN IHUOMA - X4447 11531 ISAH IDRIS BALARABE - X4448 11533 ADEOLU ABAYOMI ADEMOLA - X4449 11536 IRO DELLA THOMPSON

MADUABUCHI- X

4450 11539 OGUNBADEJO TAOFIK BABATUNDE

- X

4451 11541 SINA-OLULANA OLUWOLE TEMITOPE

- X

4452 11548 OMOLEYE OLUSEGUN OLUWA-TOBILOLA

- X

4453 11563 ADESIYAN ADEOYE NICHOLAS - X4454 11565 AKINOLA JOHNSON OLADIMEJI - X4455 11567 BELLO NURA MUHAMMED - X4456 11568 JOSEPH ELEKA TSEGBA - X4457 11570 NNAJI ONYEKACHUKWU - X4458 11572 ONU PIUS EBUKA - X4459 11573 ADETONA ADESHOLA - X4460 11576 FAGBEMI OMOTOSO KAZEEM - X4461 11578 IBEH COLLINS EBUKA - X4462 11581 SALAMI IDOWU LUKMAN - X4463 11582 AKINOLA FELICIA I.A&BABAJIDE

O(ADMORS)- X

4464 11586 MOHAMMED KOLAWOLE ABDULLATEEF

- X

4465 11591 RECORN TECHNICAL LTD - X4466 11595 ABUBAKAR SADIQ BELLO - X4467 11597 GTB/KAKAWA ASSET/KAKAWA

DISCOUNT - TRAD- X

4468 11598 IVALAVE VINCENT ABUGH - X4469 11599 ONWUGBENU EUCHARIA - X4470 11613 IDRISS ABDULSHAFIU - X4471 11635 HABILA BENARD JOHN - X4472 11639 SANI YENUSA OCHENI - X4473 11651 ORANEKWULU BLESSING U. - X4474 11655 BUSARI RAZAAK ADEKUNLE - X4475 11656 MUYIDEEN FAISAL OLORUNSEYI - X4476 11658 OKENYEHIKE AMAKA GODWIN - X4477 11659 OLAMIJULO SAMUEL KAYODE - X4478 11661 OSUOHA JOHN IFEANYICHUKWU - X4479 11662 SSL NOMINEE - OJO CALEB - X4480 11666 AFOLABI OLUMUYIWA AFOLABI - X4481 11668 BALA NEEMAT - X4482 11672 OBAYOMI IDOWU - X4483 11680 AROH CHUKWUDI BENJAMIN - X4484 11682 NYONG ESUONG MICHAEL - X4485 11683 OBI JOHN CHUKWUEMEKA - X4486 11705 OKWESILI IKECHUKWU CHARLES - X

L I S T O F U N C L A I M E D D I V I D E N D

1 1 0 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 111: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

4487 11723 ONYEBUCHI, KINGSLEY ONYEBUCHI

- X

4488 11730 AKANDE OLUWANIFEMI OLUBUKOLA

- X

4489 11731 ANAEVUNE AUSTIN - X4490 11741 OLATUNJI BAMIDELE - X4491 11751 IBEKWE MICHAEL OBIWENITE

EMMAN UEL- X

4492 11754 OBI ANTHONY NKEMDIRIM - X4493 11757 ETUKUDO UKO MORGAN-JOHN - X4494 11761 OSINOWO MUNIRU KOFOWOROLA - X4495 11764 ADEBAYO RASHIDA AJOKE - X4496 11766 AFOLABI OLADELE JOSEPH - X4497 11768 EZEGBOBELU SOLOMON

ONYEMAECHI- X

4498 11769 EZEGBOBELU STEPHEN OSITA - X4499 11775 LAWAL OLASHILE MORUFF - X4500 11777 ADETAYO B. BOLA - X4501 11785 ALIU IBRAHIM ABIODUN - X4502 11792 PASCAL KINGSLEY & CO. - X4503 11793 SHOLLYVEN COMMUNICATIONS - X4504 11795 CASHVILLE INVESTMENT & SEC. LTD - X4505 11797 OGUNRINDE IYANUOLUWA

AFOLABI- X

4506 11817 ORJI CHINO MALCON - X4507 11818 RILLY VENTURES LTD - X4508 11823 OZUKWE AUSTIN EZE - X4509 11826 AJIAMAH ARMSTRONG - X4510 11835 SALAWU TAOHEEDAT MORADEYO - X4511 11836 GUOBABIA ELIZABETH ADESUWA - X4512 11837 SANNI AKINDELE BABATUNDE - X4513 11842 GABRIEL OLUSOLA OLANREWAJU - X4514 11846 OBINNA ANDREA AMARACHI - X4515 11849 OJIAKO UZONNA MICHAEL - X4516 11851 SOOLA OLUYINKA OLUBUNMI - X4517 11861 ADEGBOYE ADEKUNLE - X4518 11862 ADEGBOYE ENITAN - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

4519 11863 ADEGBOYE OLAJIDE - X4520 11864 ADEGBOYE OLUMAYOWA - X4521 11865 ADEGBOYE OLUWOLE - X4522 11866 ADEGBOYE YETUNDE - X4523 11880 OBATAYO JOHN OLUWAFEMI - X4524 11882 OYELEKE IBITAYO IGBEKELE - X4525 11886 REAPWELL NIG. LTD - X4526 11892 ABIOYE OLUWASESAN

OLUWAREMI- X

4527 11893 ADEEKO MODUPE OMOWUNMI - X4528 11898 OMONIYI ISAAC TUNDE - X4529 11899 SHOPADE OLUFEMI OLUTAYO - X4530 11908 UCHE-OKORO CHINYERE J F - X4531 11925 OMOYIBO GOODLIVE ANDREW - X4532 11936 NJOKU EPHRAM UWABUNKONYE - X4533 11940 OLATAYO MOUFTAOU ALARAPE - X4534 11943 LAWAL RASHEED GBENGA - X4535 11944 OFFOR OGADINMA ROSELINE - X4536 11947 OSSAI ERNEST OKECHUKWU - X4537 11951 AJALA IBRAHIM OLUWAKEMI - X4538 11953 ROYAS EXCLUSIVE FURNISHINGS - X4539 11954 OGUNFOWOKE OLAYINKA ABENI - X4540 11955 OKEREKE-ONYIUKE NDI (DR MRS) - X4541 11962 KUPOLUYI SALEWA VICTORIA - X4542 11969 OLOYEDE ADEWALE ADEKUNLE - X4543 11970 OGUNDIPE ABIODUN JOHNSON - X4544 11971 OLOYE WASIU ADEKUNLE - X4545 11973 FADAHUNSI KOLAWOLE OLUTOSIN - X4546 11975 OLUWOLE SUNDAY ADEGBOLA - X4547 11984 FOFAH JENSON - X4548 11985 IJIMAKINWA MOTUNRAYO ESTHER - X4549 11990 UKPONG OKON ETEKA - X4550 11999 IHEANACHO STEPHEN CHINONSO - X4551 12007 MAXIFUND INV. & SEC PLC

-DEPOSIT A/C- X

4552 12009 AKINOLA ADUKE GRACE - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

4553 12019 APIAKA STEPHEN OKECHUKWU - X4554 12020 CHINEDU STEPHEN - X4555 12026 ONYEKWERE UKONU FRANCIS - X4556 12028 ELONNA-EZULU AKUDO FAVOUR - X4557 12029 NWANGANGA OSINACHI CHARLES - X4558 12033 OGBONNA CHINEDU EMMANUEL - X4559 12039 AKINWA OYEWOLE FREDERICK - X4560 12041 JAMES NWOSU OKENWA JAMES - X4561 12043 OLANIYAN OLUWAMAYOWA

CHRISTIANAH- X

4562 12044 ALAWODE GIDEON OLUSHOLA - X4563 12050 AZEEZ BABATUNDE GBOLAHAN - X4564 12053 ODUNUGA SAMIAT ADEBANKE - X4565 12060 OKELEYE ENOCH ANJOLA-OLUWA - X4566 12063 OYEDELE NURAT ADENIKE EJIDE - X4567 12064 SALAM ABASS - X4568 12066 SOUNOUKINI RACHEAL

PRUDENCE- X

4569 12074 SABA ABIOLA MARIAM - X4570 12077 BELLO ADISA SULE - X4571 12078 CHUKWUEKEZIE SOMTOCHUKWU

GODWIN- X

4572 12080 OMEJE SUNDAY IBEBUIKE - X4573 12083 OLAGOKE SAMSON OLUSEGUN - X4574 12091 OKUMOR FORTUNE BLESSING - X4575 12093 HARMONY TRUST & INVESTMENT

CO LTD-2- X

4576 12104 ISAIAH PRINCE JOSHUA - X4577 12106 ISAIAH EMEKA PHILIP - X4578 12113 OMONUA PETER - X4579 12114 SAAIIO VENTURES - X4580 12115 OKEREKE PRICILLIA EKENE - X4581 12116 APETE AMUNDA AJIUN - X4582 12124 ISS NOMINEES LIMITED

ACCOUNTS “AA”- X

4583 12127 ADEWUNMI FUNMILAYO TOYIN - X4584 12128 AKINDELE FESTUS & OLUREMI - X

S/NO

ACCO

UNT N

O

NAME PYT 2

PYT 3

4585 12130 AMODU BASIRAT A. - X4586 12133 OGUNREMI MELUTIA - X4587 12135 OLUBIYI ADEYEMI GIDEON - X4588 12136 OMOLADE ESTHER OLUBUNMI - X4589 12139 OSHILAJA OLAYEMI VICTORIA - X4590 12140 OSUNDE KEHINDE ADEOLA - X4591 12141 SOFELA TAIWO OLATUNDE - X4592 12143 SOFOLUWE LOLA MARY - X4593 12144 MANDATE RESOURCES & PROPER-

TY COMP LTD- X

4594 12149 BALOGUN OYEYINKA ABDUL-GAFAAR

- X

4595 12162 AMINU FATIMA SAFANA - X4596 12163 FAMUYON YUNUSA AGBOOLA - X4597 12165 ONI FOLUKE EUNICE - X4598 12166 OYETORO LAJA - X4599 12167 SHOTUYO ADEBOWALE S. - X4600 12177 BABATUNDE OLUSOLA EMMANUEL - X4601 12181 EDET OKON GODWIN - X4602 12191 MABI EMEKE B & MILLICENT

N(MR & MR)- X

4603 12192 TEMITOPE BAMIDELE - X4604 12200 DAN’AZUMI ABDULLAHI MOH’D - X4605 12204 ABDULAHI SHEHU USMAN - X4606 12209 BAMISILE ABIOLA O - X4607 12211 ODUKOYA AJIBOLA OLAYINKA - X4608 12216 AZEEZ JIMOH OGUNBANWO - X4609 12217 AKINBO OLAYIWOLA ADIO - X4610 12222 IYAJI UKAMA ANDREW - X4611 12325 RABIU SULE ADEYEMO - X

L I S T O F U N C L A I M E D D I V I D E N D

C H A M S P L C 2 0 1 7 A N N U A L R E P O R T | 1 1 1

Page 112: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

1 1 2 | C H A M S P L C 2 0 1 7 A N N U A L R E P O R T

Page 113: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

e - D I V I D E N D M A N D A T E F O R M

The Registrar,First Registrars Nig LtdPlot 2 Abebe Village Road, IganmuP.M.B 12692 Marina Lagos Only Clearing Banks are acceptable

I/ We hereby request that from now on, all dividend warrant(s) due to me/our holding(s) in Chams Plc be paid directly to my/our Bank named below:

Shareholder’s Account Number Date (DD/MM/YYYY)

Surname/ Company’s Name

Other Names (for Individual Shareholder)

Present Postal Address

City State

Email Address

Mobile (GSM) Phone Number

Bank Name

Branch Address

Bank Account Number

Branch Sort Code(Very Important)

SHAREHOLDER’S SIGNATURE OR THUMBPRINT SHAREHOLDER’S SIGNATURE OR THUMBPRINT

AUTHORISED SIGNATURE & STAMP OF BANKER

COMPANY SEAL/INCORPORATION NUMBER (CORPORATE SHAREHOLDER)

                       

Page 114: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional
Page 115: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional

P R O X Y F O R M34th Annual General Meeting to be held at Ace-Olivia Hall, City Mall, 2nd Floor, Onikan, Lagos, on 24th April, 2018 at 10 am.

I/We_________________________________________________________________________________.being a member/members

of CHAMS Plc hereby appoint ____________________________________________________________________________________

or failing him ______________________________________, or failing him ____________________________________, as my proxy

to attend and vote for me/us and on my behalf at the Annual General Meeting of the company to be held on Tuesday, 24th April,

2018 and at any adjournment thereof.

Dated this_____________________________________________________day of ________________________________ 2018 

Shareholder’s name ____________________________________________________________________________________________

Shareholder’s Signature _________________________________________________________________________________________

S/N RESOLUTION FOR AGAINST

1 To receive the Audited Financial Statements for the Year ended 31st December 2017 and the Reports of the Directors, Auditor and Audit Committee thereon;

   

2 To elect or re-elect Directors    

3 To authorise Directors to fix the remuneration of the Auditors    

4 To elect Members of the Audit Committee

5 SPECIAL BUSINESSi. To fix the remuneration of Directors; ii. That the Company be and is hereby authorized to raise additional equity capital up

to N500, 000, 000 (Five Hundred Million), whether by way of rights issue, public offer, private placement and/or other securities at such time, for such consideration and upon such terms and conditions as the Directors may deem fit, for the purpose of strengthening the Company’s equity capital base.

Please indicate with an ‘X’ in the appropriate square how you wish your votes to be cast on the resolutions set above. Unless otherwise instructed, the proxy will vote or abstain from voting at his or her discretion.

 

Before posting the above form please tear off this part and return it for admission to the meeting

A D M I S S I O N C A R DPlease admit the Shareholder named on this Card or his duly appointed proxy to the Annual General Meeting to be held on

Tuesday 24th April, 2018 at Ace-Olivia Hall, City Mall, 2nd Floor, Onikan, Lagos. 

The admission card must be produced by the Proxy in order to gain entrance into the Annual General Meeting.   

_______________________ ________________________ ________________________ ________________________

NAME OF SHAREHOLDER NAME OF PROXY SIGNATURE (SHAREHOLDER) NUMBER OF SHARES HELD

Page 116: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional
Page 117: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional
Page 118: Growth - Chams Plcchamsplc.com/wp-content/uploads/2018/05/chams-2017-ar-web.pdf · Table of Contents 5 Vision & Mission Statement, Core Values 6 Directors, Officers & Professional